Euro zone manufacturing activity contracted for a seventh month in August as a c...
FILE PHOTO: An employee of German car manufacturer Porsche works on a Porsche sports car at the Porsche factory in Stuttgart-Zuffenhausen, Germany, February 19, 2019. REUTERS/Ralph Orlowski
At their July meeting policymakers at the ECB all but promised to ease policy further as the bloc’s growth outlook worsens. An escalation in the U.S.-China trade war has increased fears for a global economic slowdown. “Euro zone producers are suffering as the summer slump in factory production persisted into August. A marked deterioration in optimism about the year ahead suggests companies are expecting worse to come,” noted Chris Williamson, chief business economist at IHS Markit.
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