Manufacturing activity is still contracting in Europe but at a slower pace

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Source: Marketwatch

Industrial production activity across Euro Zone countries indicated a contraction for a fifth straight month. Purchasing Managers' Index in December climbed to 46.9, rebounding from 28-month record low of 46.4 in November. The reading shows that production activity continued to decline but at slower pace than before. PMI survey confirms European manufacturers are highly concerned with domestic demand, pointed out Howard Archer, IHS Global Insight's chief economist.

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Mon, 02 Jan 2012 13:47:45 GMT

Hyundai and Kia expect lower pace of sales growth

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