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Manufacturing industries in the euro zone remained stuck in May at Bloomberg
Manufacturing output in the euro area fell to a six-year low in May, orders down and labor force down, suggesting dark prospects for demand. An index of purchasing managers was 47.7, down from April and is a quick estimate. According to the report, weakness was concentrated in the intermediate goods and capital goods sectors, while consumer goods continued to grow. Read more: Asian factories feel the pain of the trade war waged by South Korea and Japan The data highlight the image of an economy that is struggling to come out of a slowdown that lasts for over a year ….
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