The report on the evolution of industrial activity, transport and raw material cost indicators, prepared by the Office of Labor of the Official Chamber of Commerce, Industry, Services and Navigation of Alicante, reflects how fears of economic recession are in Europe. Future gas supplies, high inflation and the war in Ukraine are putting pressure on business confidence.
This quarterly report provides the keys to the macroeconomic context in which business activities take place. shows the effect. Slowdown in the Eurozone economy and how high inflation and widespread economic uncertainty have weakened demand, and as a result decrease in new ordersIt limits the increase in production and therefore the recruitment needs.
Low demand for raw materials and inputs reduces the pressure on inflation somewhat. some consumables remain scarce production costs and selling prices remain at historically high levels.
Among its main conclusions, the document warns: the manufacturing sector has entered a phase of slowdownn highlighted in recent months. It should be noted that the manufacturing sector PMI index in the euro area fell to 49.6 in August (49.8 in July). hovers below 50, which separates growth from contraction. In fact, August data was the lowest since June 2020. Also, manufacturing output fell for the third month in a row, a trend that is expected to intensify in the coming months.
At the national level, the Spanish manufacturing sector PMI remained at 49.9 in August, its lowest value since May 2020 after falling to 48.7 last July.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.