本土需求成抗关税利器 欧元区制造业三年来首次扩张

Group 1 - Eurozone manufacturing activity expanded for the first time since mid-2022, with the PMI rising from 49.8 in July to 50.7 in August, surpassing the 50.0 threshold [1] - Factory output growth reached its fastest level since March 2022, while new orders increased at the fastest pace in nearly three and a half years [1] - The chief economist at Hamburg Commercial Bank noted that the increase in domestic orders is offsetting the impact of weaker overseas demand, suggesting that enhancing domestic demand may be the best response to U.S. tariffs [1] Group 2 - France's manufacturing sector ended a two-and-a-half-year slump, with the PMI rising from 48.2 in July to 50.4 in August, marking the first time it has surpassed 50 since January 2023 [2] - Germany's manufacturing index rose to 49.8, the highest level in 38 months, indicating a recovery in economic activity despite a 0.3% contraction in the previous quarter due to reduced demand from the U.S. [2] - Eurozone manufacturers expressed optimism about the future, although the confidence index remained stable compared to July [2] Group 3 - Despite a slight increase in input costs, manufacturers experienced a slight decrease in selling prices [3] - The European Central Bank maintained the benchmark interest rate at 2% in July and is expected to hold steady this month, with discussions on potential rate cuts likely in the fall [3]