The Eurozone Manufacturing Purchasing Managers' Index (PMI) fell to 45.2 in November, down from 46.0 in October, according to the data released by S and P Global and Hamburg Commercial Bank on Monday.
The index has continued to stay below the critical 50-point threshold since mid-2022, which separates expansion from contraction. The prolonged decline underscores ongoing economic contraction in the Eurozone.
Among the Eurozone's major economies, Germany, France, and Italy experienced the sharpest declines in manufacturing PMI in November.
The data also showed significant drops in new factory orders, production, purchasing activity, and inventory levels across the region's manufacturing sector.
Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, commented that there are no signs of short-term improvement for the Eurozone's manufacturing PMI, signaling continued challenges for the sector.
Eurozone manufacturing PMI drops to 45.2 in Nov: data
Eurozone manufacturing PMI drops to 45.2 in Nov: data
Senior representatives from major regional news media organizations, gathering at the ongoing 12th Global Video Media Forum (VMF) in China, say they are looking to amplify the voices of the media in the Global South to help consolidate cooperation and friendship in an ever more challenging global environment.
The forum opened in Quanzhou in east China's Fujian Province on Tuesday, bringing together 200 media representatives from over 60 countries and regions in the historic coastal city.
By working more closely together, media organizations in the Global South can reap rewards that might otherwise be unavailable, according to Ahmed Nadeem, Secretary-General of the Asia-Pacific Broadcast Union.
"If we work together, there is an opportunity for us to bring out the best from these Global South countries who have much less resources," he said.
Other media representatives at the VMF stressed that in challenging times, it is even more important for developing countries to have their voices heard on the global stage.
"[The Global] South media have a lot of responsibility to build a new opinion," said Issoufou Sare, Director-General of BF1 Television.
"[The media can provide] solutions for misunderstandings or stereotypes. So the media have a major role. They can bridge our cultures and make us know each other better," said Feten Fardi, head of Arab and International Cooperation Unit, Arab States Broadcasting Union.
The event also witnessed the launch of the "Global South Media Dialogue and Cooperation Mechanism and Joint Initiative," a program to support closer cooperation led by China Media Group.
"That will help to promote our voices, our realities to make the world know better about our customs, realities, about our history, about our culture, customs, about our problems, but also our achievements," said Martin Hacthoun, chief editor of Press Latina News Agency.
The two-day VMF is being held under the theme "Intelligence Without Frontiers, Vision Beyond The Horizon -- Media's Role in Communication and Cultural Exchange."
Launched by the CCTV Video News Agency (CCTV+) in 2011, the VMF is an annual professional journalism forum focusing on the latest trends and innovations in news and journalism, which provides a highly specialized, unique and interactive platform for domestic and foreign media peers.
Media groups aim to amplify voice of Global South at VMF
