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Investing.com -- The beleaguered manufacturing industry in the euro zone exhibited signs of stabilization at the start of the year, according to a survey.
Despite rising costs and the looming threat of U.S. tariffs, firms in the region have grown more optimistic about their future outlook.
The final euro zone manufacturing Purchasing Managers’ Index (PMI) for January, compiled by S&P Global, rose to 46.6. This figure is higher than an initial estimate of 46.1 and closer to the 50 mark, which separates growth from contraction.
The headline PMI has remained below 50 since mid-2022, indicating a period of contraction for the industry. In December, the PMI had dipped to 45.1.
The January figure thus marks an improvement, suggesting a potential stabilization in the sector.
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