Macro Snapshot — Eurozone factory activity contracted in July as recession fears grow

CAIRO: The eurozone saw a significant drop in manufacturing activity in July as weak demand, rising prices and global economic instability continue. 

According to S&P Global’s final manufacturing Purchasing Managers’ Index, Japan’s manufacturing sector growth slowed down, while South Korea’s factory activity weakened for the first time in two years.

Russia’s factory activity grew slightly, whereas India’s factory growth hit an 8-month high last month. 

Global July Factory Activity 

Eurozone