Manufacturing Declines Across Europe and Asia in November Amid Tariff Concerns
Eurozone and most Asian economies recorded sector contractions, while Britain marked its first manufacturing growth since September 2024.
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Terms & Concepts
Tariff: A tax imposed by a government on imported or exported goods, often used to protect domestic industries or exert trade pressure.
Manufacturing Sector Contraction: A decline in industrial production activity, typically measured by indices such as the Purchasing Managers’ Index (PMI).