In Foreign Affairs

David Stevenson

Less fail is the new win: Eurozone industry contracted slightly less

Less fail is the new win: Eurozone industry contracted slightly less

Business activity in the eurozone industry contracted less sharply in December than previously thought. British market researcher Markit announced this on the basis of a definitive figure.

The purchasing managers’ index reflecting the activity recorded a score of 46.3. A provisional estimate of a level of 45.9 was reported. A level of 50 or more indicates growth, including shrinkage. In November the indicator was 46.9.

According to Markit, the index for German industry was 43.7 against a preliminary estimate of 43.4. A score of 50.4 was measured for France. In Italy and Spain this was 46.2 and 47.4 respectively.

The indicator for the British industry recorded a final score of 47.5 against a preliminary estimate of 47.4. The index was 48.9 in November.