Factories across the euro zone ended 2019 in poor shape with activity contractin...
FILE PHOTO: Employees work on electric cargo bicycles at the production plant of e-bike manufacturer Riese & Mueller in Muehltal near Darmstadt, Germany, August 30, 2019. Picture taken August 30, 2019. REUTERS/Ralph Orlowski/File Photo
IHS Markit’s final manufacturing Purchasing Managers’ Index has been below the 50 mark separating growth from contraction since February, and at 46.3 in December it was below November’s 46.9 but higher than a preliminary estimate of 45.9. “Euro zone manufacturers reported a dire end to 2019, with output falling at a rate not exceeded since 2012,” said Chris Williamson, chief business economist at IHS Markit.
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