"Factory activity shrank in much of the world last month, private surveys showed on Wednesday, as signs of a slowdown in U.S. growth and the anticipated impact of President Donald Trump's tariffs added to pressure from weak Chinese demand. Euro zone manufacturing slipped back into contraction as new orders fell at their fastest rate in six months, with export markets acting as a particular drag, signalling that the recovery in the region's industrial sector was fragile."
"The HCOB Eurozone Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 49.8 in September from August's 50.7, which was the first reading above the 50.0-point line denoting growth since mid-2022. "The drop in the PMI is showing up across the board, with respective figures for consumer goods, capital goods and intermediate goods all down on the month," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank."
Global factory activity weakened in September as slowing U.S. growth and the expected effects of U.S. tariffs compounded weak Chinese demand. Euro zone manufacturing returned to contraction with the HCOB Eurozone PMI falling to 49.8 from 50.7 and new orders declining at the fastest pace in six months, driven by weak export markets. The Netherlands led expansion while Germany, France and Italy contracted. Britain saw activity shrink at its fastest pace in five months amid subdued domestic demand and falling export orders. Japan, Taiwan and China also showed signs of manufacturing softness.
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