The manufacturing industry deteriorated further across Europe last month because of the impact of the war in Ukraine, while factories in Asia painted a mixed picture.
The purchasing managers index for the 19-nation euro zone, a gauge of private-sector activity, fell to 48.4 from 49.6 in August. That’s slightly worse than S&P Global’s initial reading and marks the third consecutive month below the 50 threshold that separates expansion from contraction.
