After tentative signs of recovery in the first quarter of 2023, Eurozone manufacturing recorded the second in May consecutive decline in production. The fact that production was reduced as sharply as it was last in November 2022 was due to the strongest fall in orders in six months. In order to reasonably maintain production levels, order backlogs were reduced at an accelerated rate. Job creation slowed again and fell the weakest it has been since the start of the rise in employment 28 months ago. Since the capacity utilization at the suppliers continued (full story)