Part 1/9:
The Resilience of Europe's Manufacturing Sector: Recovery Amidst Challenges
Since the onset of Russia's invasion of Ukraine, the European manufacturing sector has been facing a significant downturn, with production levels declining to the lowest they have been in over three decades. However, recent indicators suggest that the tide may be beginning to turn in favor of European industry. The Purchasing Managers' Index (PMI)—a key indicator of the economic health of the manufacturing sector—has seen an affirmative rise, and Germany's industrial output exceeded expectations this month.
This article seeks to explore the dynamics of Europe's manufacturing decline, the emerging signs of recovery, and the implications for the broader European economy.