Eurozone manufacturers see ‘no sign of recovery’ as UK orders slow

France, Germany and Austria are especially hard hit, as British factory owners cut jobs and investment

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Europe’s manufacturers suffered a slump in demand last month with “no sign of a recovery”, as UK factory owners also reported a slowdown in orders.

Manufacturers across the eurozone reported a decline in demand for their goods in November, with France, Germany and Austria especially hard hit, according to the S&P Global purchasing managers’ index (PMI).

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