Dutch International: Eurozone industry shows resilience to rising prices, but prospects for recovery are currently uncertain.
Bert Colijn of the Dutch international group stated in a report that despite a significant decline in overall commercial activity in the eurozone, manufacturers remain a bright spot. The preliminary Purchasing Managers' Index for March showed that due to the conflict in the Middle East, energy prices have risen, leading to significant increases in input costs and disruptions in the supply chain. The output of the industrial sector has remained relatively stable, demonstrating resilience to rising costs. However, manufacturers' expectations for the next few months have worsened. Colijn said: "The vulnerability of the eurozone has once again been exposed. For energy-intensive industries, this means that recovery will be even more difficult to achieve." The prospects for recovery will largely depend on the timeline of the Iran conflict. He stated: "If the conflict is resolved quickly, it will boost hopes for milder impacts on consumer prices and increase the chances of an industrial rebound."
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