Denmark Manufacturing Sector Shrinks Sharply
Denmark's manufacturing sector contracted at a steep rate in December amid sharp declines in new orders and production, survey data from the logistics association DILF showed on Monday.
The purchasing manager's index for the manufacturing sector fell to 41.9 from 47 in November. Any reading below 50 suggests decline in activity.
The sub-indexes for new orders and production dropped steeply by around 10 points and reached below the 40-mark.
Suppliers' delivery time and stock of purchased products were the only sub-indexes to rise in December.
Economic News
Reprinted from RTTNews,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.