ECB Survey Shows Mixed Manufacturing Outlook

HCOB PMI rose to 49.5 in January. Output index climbed to 50.5. New orders fell for third consecutive month. Input costs rose fastest in three years due to energy prices. ECB survey shows 18% optimism in turnover, 10% lower profits. Factory job cuts continued for 32nd month. Greece at 54.2, Austria weakest at 47.2. Cyrus de la Rubia said progress in manufacturing is slow
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