Economics
European Manufacturing Emerges From Lockdown With Italy in Lead
- Euro-area manufacturing PMI rose to 39.4 in May from 33.4
- Measures for output and orders continued to decline last month
An employee wearing a face mask and gloves works at the Liebherr factory in Collegno near Turin, on May 5.
Photographer: Marco Bertorello/AFP via Getty Images
This article is for subscribers only.
Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.
Euro-area factories started down their long road to recovery after governments lifted lockdown restrictions, offering hope that the economy could return to growth in the coming months.