Fashion
Eurozone factory operating conditions worsen at Q3 2025 end: PMI data
September’s contraction in the headline Hamburg Commercial Bank (HCOB) manufacturing purchasing managers’ index (PMI) was driven by a reduction in new order inflows and a sharper rate of job shedding.
Eurozone factory operating conditions worsened at Q3 2025 end, reversing August’s improvement, S&P Global Ratings said.
Production volumes continued to expand in September, which saw cutbacks in factory purchasing activity accelerate, while pre- and post-production inventories reduced further.
Export markets were a drag on total sales and lower operating costs were reported for the first time since June.
Falling from 50.7 in August to 49.8, the headline index signalled a deterioration in factory operating conditions across the euro area. The decline, however, was only marginal overall.
Production volumes continued to expand in September, although the pace of growth slowed markedly from August’s near three-and-a-half-year high.
September witnessed cutbacks in factory purchasing activity accelerate, while pre- and post-production inventories were reduced further.
Firms remained optimistic on balance that output would rise from present levels over the coming year, although expectations were their softest since April.
There were broad-based price drops at the end of the third quarter as both input costs and output charges fell marginally.
In the Netherlands, conditions improved at the fastest pace since July 2022. Greece and Spain continued their growth trends, although upturns slowed on the month. The final eurozone country in expansion mode was Ireland.
Weakness was recorded across the currency union’s three biggest economies—Germany, France and Italy—with respective manufacturing PMIs posting below the critical 50 level.
Pulling the headline index into the contraction zone was a marked decline in its weightiest component, new orders.
After rising for the first time in almost three-and-a-half years in August, the volume of new orders received by eurozone manufacturers decreased in September, an S&P Global release said. The pace of contraction was mild but nevertheless the fastest since March.
Export markets were a drag on total sales, with new business received from overseas falling for a third month in succession and to a slightly stronger degree.
Manufacturing production volumes expanded, stretching the current sequence of growth that began in March. The upturn lost momentum, however, easing from August’s solid pace. Further growth in output was achieved despite ramped up job cutting at eurozone factories.
Workforce numbers fell at the quickest rate in three months. Manufacturers were also able to make greater inroads to their backlogs of work in September. The rate of reduction in outstanding orders was the most marked since June.
Purchasing was reduced by surveyed companies at the end of the third quarter. After coming close to stabilising as recently as July, the rate of decline in buying activity has accelerated in back-to-back months.
For the first time since June, eurozone manufacturers reported lower operating costs—a notable deviation from the solid inflationary trend witnessed across the survey on average. The decrease was only marginal, however.
Fibre2Fashion News Desk (DS)
The package establishes a modern framework for both sides, enabling frictionless access to a market of 460 million consumers in key sectors, delivering economic benefits to both parties.
European Commission President Ursula von der Leyen and Swiss President Guy Parmelin yesterday signed a broad package of agreements aimed at deepening and expanding EU-Switzerland ties.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides.
By aligning standards and rules in closely integrated areas, it will provide legal certainty, simplify trade in goods like medical devices and food products, and ease cross-border supply for businesses on both sides of the border.
Additionally, it will ensure more consistent rules for individuals who live, work or study across the EU-Swiss border. Switzerland will contribute to the development of legislation in the areas covered by the package and will have the opportunity to influence these rules as they are being designed.
“By modernising and deepening our ties across key sectors, from trade and transport to health and energy—we are strengthening legal certainty, fostering innovation and creating new opportunities for our citizens and businesses,” von der Leyen said in a release from the Commission.
The package includes updates to four already existing agreements, which already give Switzerland access to the EU internal market, regarding air transport, land transport, the free movement of persons and mutual recognition of conformity assessment.
New agreements on food safety, electricity, health and Switzerland’s participation in the EU Agency for the Space Programme were signed. A new agreement introduced a permanent and fair financial contribution by Switzerland to economic and social cohesion within the EU.
Apart from a protocol on parliamentary cooperation, the package includes also a joint declaration on the establishment of a high-level dialogue on the broad bilateral package.
Fibre2Fashion News Desk (DS)
Following earlier increases in purified terephthalic acid (PTA), melt and PSF, Indian producers have now raised PFY prices. POY, FDY and PTY prices have been increased by ****;* per kg across all deniers and lustres with effect from March *, reflecting rapid cost pass-through amid heightened volatility in crude-linked value chains, according to the market sources.
In the previous weekly revision effective February **, ****, PTA was increased by ****;*.** per kg to ****;**.** per kg, while monoethylene glycol (MEG) was retained at ****;**.** per kg. Polyester melt prices were raised by ****;*.** per kg to ****;**.** per kg. Downstream PSF prices were also revised upward by ****;*.** per kg from March *.
European Commission, Switzerland sign broad package of agreements
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