22 Hrs
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الاقتصادية
Industries in China and Europe Slow as Energy Costs Rise
Polls of purchasing managers have shown that industrial activity in China and Europe is slowing down due to rising energy costs resulting from the war in the Middle East. In China, demand for new orders has fallen to its lowest level since January 2026, while the Eurozone experienced limited growth, with the manufacturing index rising to 51.9 points in July, though still below expectations. The ongoing conflict, including disruptions to shipping through the Strait of Hormuz, has led to increased costs and demand pressures, with weak growth expected to persist in the European region. Additionally, major economies are affected by oil price fluctuations caused by the war, and the European Central Bank's move to raise interest rates is further intensifying demand and investment pressures. Meanwhile, Japan recorded its highest growth in over 12 years, supported by demand for artificial intelligence, while growth slowed in India and declined in France and Italy.
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