Mumbai, Sept. 1 -- The sharpest rise in factory output since March 2022, alongside a first monthly rise in new orders in almost three-and-a-half years pushed the HCOB Eurozone Manufacturing PMI above the 50.0 threshold and into expansion territory in August after a prolonged period of decline.
Notably, the renewed uptick in manufacturing demand was driven by domestic markets as new export sales fell for a second successive month.
Meanwhile, inventory levels were depleted at a quicker rate and firms stepped up the pace at which buying volumes were cut. This was despite supplier delivery delays worsening further. Average input costs rose for the first time since March, albeit marginally, whereas prices charged were reduced.
The HCOB Eurozo...