the global investor
Dark Clouds Over EU’s Manufacturing Industry:
Worst Numbers in Six Years
‘H
orrible’.This is how Claus Vistesen, Chief Eurozone Economist at Pantheon Macroeconomics, has described the fourth quarter of 2018 for the Eurozone’s manufacturing industry. 78
Felix Huefner, Senior European Economist and Chief German Economist at UBS noted that ‘[the] weakness is no longer confined to the car sector, but it’s getting broader.’
The manufacturing industry has perhaps long been the most important one in Europe, generating 14% of the continent’s GDP. From automobiles to food, it is Europe’s manufacturing capacity that supports
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