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Carbon tax protest at Nova Scotia-New Brunswick border | SaltWire #newbrunswick #novascotia #rallyLONDON - Overall manufacturing activity in the euro zone took a further turn for the worse in March, contracting at a steeper pace than in February, but there were signs of recovery in Italy and Spain, surveys showed on Tuesday.
"Today's PMI results are an indicator of the massive challenges European manufacturers are facing. Materials shortages have abated somewhat, but the outlook remains uncertain," said Goetz Erhardt at Accenture. Irish manufacturing contracted in March after briefly returning to growth a month earlier. Its PMI has sat below 50 for most of the last 17 months.
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