{"id":63366,"date":"2023-07-24T17:38:02","date_gmt":"2023-07-24T14:38:02","guid":{"rendered":"https:\/\/bazaartimes.com\/?p=63366"},"modified":"2023-07-24T17:38:17","modified_gmt":"2023-07-24T14:38:17","slug":"eurozone-manufacturing-downturn-deepens-in-july","status":"publish","type":"post","link":"https:\/\/bazaartimes.com\/eurozone-manufacturing-downturn-deepens-in-july\/","title":{"rendered":"Eurozone manufacturing downturn deepens in July"},"content":{"rendered":"\n<p><strong><em>HCOB Flash Eurozone Manufacturing PMI falls to 38-month low of 42.7<\/em><\/strong><\/p>\n\n\n\n<p>Eurozone manufacturing activity contracted in July at the fastest rate in over three years amid lower demand, according to preliminary data released on Monday.<\/p>\n\n\n\n<p>The Hamburg Commercial Bank flash eurozone manufacturing purchasing managers\u2019 index (PMI) fell to a 38-month low of 42.7 in July from 43.4 in June, a survey by the US-based financial services company S&amp;P Global revealed.<\/p>\n\n\n\n<p>New business orders posted one of the steepest declines since 2009, pointing out that companies will seek to cut output further in the coming months in response.<\/p>\n\n\n\n<p>Excluding the COVID-19 lockdown months, backlogs of work fell the most since 2009.<\/p>\n\n\n\n<p>Prices charged by manufacturers fell at a rate not seen since the height of the global financial crisis in 2009 amid slumping demand, according to the survey.<\/p>\n\n\n\n<p>Manufacturers also adjusted to lower production requirements by further reducing their inventory levels.<\/p>\n\n\n\n<p>HCOB Flash Eurozone Manufacturing PMI Output Index decreased from 44.2 in June to 42.9 in July, a 38-month low.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HCOB Flash Eurozone Manufacturing PMI falls to 38-month low of 42.7 Eurozone manufacturing activity contracted in July at the fastest rate in over three years amid lower demand, according to &hellip;<\/p>\n","protected":false},"author":2,"featured_media":63367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[1],"tags":[19,1248,47,160,23651,44,12892,2494,16806,12],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bazaartimes.com\/wp-content\/uploads\/2023\/07\/Eurozone-manufacturing-pmi.jpg?fit=802%2C442&ssl=1","_links":{"self":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/63366"}],"collection":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/comments?post=63366"}],"version-history":[{"count":2,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/63366\/revisions"}],"predecessor-version":[{"id":63369,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/63366\/revisions\/63369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media\/63367"}],"wp:attachment":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media?parent=63366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/categories?post=63366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/tags?post=63366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}