3 Jan 2013

Eurozone manufacturing shrinking

5:56 am on 3 January 2013

Eurozone manufacturing activity contracted for a 17th consecutive month in December.

The Purchasing Managers Index (PMI) for the manufacturing sector, compiled by the Markit research firm, came in at 46.1 points in November, down from an earlier estimate of 46.3 points and down from November's 46.2 points.

Any score below 50 points indicates contraction, not growth.

Ireland posted a score of 51.4 points, indicating growth. But AAP reported that Germany (46.0 points), France (44.6) and Italy (46.7) all signalled contraction.