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LONDON - The long-running downturn in euro zone manufacturing may have turned a corner last month, according to a survey which showed new orders declined at their slowest pace in two years, leading to improved business confidence.
"This could be the turning point for the manufacturing sector. The industry is on the verge of halting the production decline that has persisted since April 2023," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank.
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