The manufacturing pulse in the Eurozone remains weak as October marks the 19th consecutive month of decline. While the PMI nudged up to 46.0 from September's 45.0, it's still far from the 50-point growth threshold. Orders continue to drop, pushing companies to trim their workforce, though at a slightly slower pace. Business outlook has hit a 12-month low, raising red flags for 2024. How about more regulation, taxes and climate nonsense? That should work out fine...
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47 sats \ 0 replies \ @Cotton 4 Nov
Typical—when the economy's tanking, the solution is always more red tape and taxes!
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0 sats \ 0 replies \ @halalmoney 4 Nov
“ Another escalation took place on Friday, when Finance Minister Christian Lindner published a paper about reviving the struggling German economy.
"The paper reads like a serious attempt to analyze Germany's problems and propose solutions. However, it argues against fundamental SPD and Green positions and will therefore be hard for them to accept," Greg Fuzesi, euro area economist at J.P. Morgan, said in a note on Monday.”
https://www.cnbc.com/2024/11/04/germanys-government-is-on-the-brink-of-collapse-heres-what-could-be-ahead.html
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0 sats \ 0 replies \ @Satosora 4 Nov
Trimming workforce is never a long term solution.
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