European manufacturing emerges from lockdown with Italy in lead


Economists expect them to announce an increase in emergency asset purchases by 500 billion euros (US$555bil) to cushion a slump that president Christine Lagarde expects to be between 8% and 12%.

FRANKFURT: Eurozone factories started down their long road to recovery after governments lifted lockdown restrictions, offering hope that the economy could return to growth in the coming months.

Measures of manufacturing activity across the 19-nation region pointed to a noticeable easing in the pandemic-induced downturn in May, even though output and orders continued to decline, according to a survey by IHS Markit.

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ECB , European , manufacturing , lockdown , Italy ,

   

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