Europe's manufacturing recession deepened in December
Euro zone orders fell in December, and the job loss rate was the strongest since early 2013, according to the data. The slowdown in manufacturing in Europe deepened in December despite the decline in tensions over Brexit & international trade , crushing hopes that the slump has bottomed out. In the euro zone, IHS Markit’s gauge of factory activity weakened & posted an 11th consecutive month below 50, signalling contraction . UK manufacturing output matched its sharpest deterioration in more than seven years & orders for new work from domestic & overseas clients plunged. Here's a look.