Eurozone Factory Production Falls in June for First Time in 2 Years: PMI

Eurozone Factory Production Falls in June for First Time in 2 Years: PMI
A worker assembles a vehicle at the Knaus-Tabbert AG factory in Jandelsbrunn near Passau, Germany, on March 16, 2021. Andreas Gebert/Reuters
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LONDON—Eurozone manufacturing production fell last month for the first time since the initial wave of the coronavirus pandemic two years ago as higher prices and a darkening economic outlook kept consumers wary of making purchases, a survey showed.

S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to 52.1 in June from May’s 54.6, its lowest since August 2020 but just ahead of a preliminary reading of 52.0.