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Tel : 0086-0371-86172891
It is reported that the initial value of the Eurozone's comprehensive PMI for September has dropped to 48.9. Overall, the dominant service industry in European countries has stagnated, and the decline of industry is accelerating. Germany S460M steel, the largest economy in Europe, is also facing economic constraints, contracting by 0.1% in the second quarter. A survey conducted on September 23 showed that the German economy continued to decline in the third quarter. After experiencing a rebound related to the August Olympics, the French economy is gradually entering a stagnation, with the PMI index rising in August and then sharply declining in September.
The Purchasing Managers' Index (PMI) for S460M steel manufacturing in the Eurozone has been below 50 for over two years, with an expected reading of 45.6, but it fell to 44.8 in September from 45.8 in August. The manufacturing index decreased from 45.8 to 44.5. The European Central Bank lowered all three key interest rates at its meeting on September 12th. The deposit interest rate has been lowered by 25 basis points, currently at 3.5%. It is not ruled out that the European Central Bank may lower deposit interest S460M steel rates in October this year.
