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EZ: Marginal expansion of production volumes in June
June data highlighted a sustained expansion of output levels across the euro area manufacturing sector, although there was a slight loss of momentum since May. Encouragingly, total new work stabilised during the latest survey period, thereby ending a 37-month period of decline. Sales made to export* customers were also unchanged over the month, which halted the continuous downturn seen since March 2022. Looking ahead, hopes of a turnaround in demand conditions across both domestic and export markets contributed to another improvement in business activity expectations for the next 12 months, but this did not prevent ... (full story)
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