AGP Executive Report
Last update: 7 hours agoIndustrial Pulse: Eurozone factory activity held up in October, with the manufacturing PMI at 52.7, but energy and supply costs are squeezing margins and pushing prices higher. Inflation and Wages: France’s inflation rose to 3.4%, its highest since January 2024, as energy prices jumped 24.1% year on year. In Germany, IG Metall plans walkouts at more than 2,000 sites, seeking a 5% pay rise for 3.7 million workers. Germany’s AI Race: A government task force warns the next 12 to 18 months are crucial to keep pace with the US and China, setting 2030 targets for wider business adoption and a tripling of AI start-ups. Chemical Industry: German chemical output remains 19% below 2021 levels, while China’s has grown 26.6%, deepening concern over Europe’s energy costs and industrial competitiveness. Business Results: French equipment maker Manitou lifted third-quarter revenue 13% to €642 million, driven by European sales and a North American recovery; its order book reached €1.05 billion.
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