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Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWireLONDON - The ongoing downturn in euro zone manufacturing activity deepened in April due to crumbling demand despite factories cutting prices, pushing firms to reduce headcount again, a survey showed on Thursday.
"What is going to rescue the euro zone economy? While this is a difficult question, one thing is clear: It's not the manufacturing sector. Instead, this sector is prolonging its drawn out recession into April," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. Suggesting no immediate turnaround for manufacturers the new orders index, below 50 since May 2022, fell to a four-month low of 44.1 from 46.0.
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