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    Eurozone Manufacturing Sees Record Growth in July Despite Weak Demand Across Member Countries

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    Home » Oscar Piastri is promoted to the Formula One team by Alpine
    Sports

    Oscar Piastri is promoted to the Formula One team by Alpine

    August 3, 2022
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    Alpine has promoted Oscar Piastri into the Formula One seat. This was opened by Fernando Alonso’s surprise announcement that he is leaving the team at the end of the season. After Alonso signed a multi-year deal with Aston Martin, Alpine said it would promote its 21-year-old young talent to race alongside Esteban Ocon in 2023.

    Oscar Piastri is promoted to the Formula One team by AlpinePiastri did not comment on the Alpine news release or on his social media platforms about the promotion. Although Piastri’s contract is with Alpine, there is speculation he is working on a better deal with another team. After Sebastian Vettel announced his retirement last week, Aston Martin announced the signing of 41-year-old Alonso. This season was Alonso’s last with Alpine.

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    Eurozone Manufacturing Sees Record Growth in July Despite Weak Demand Across Member Countries

    August 5, 2026

    Eurozone manufacturing output accelerated in July while new orders and exports stayed weak. The survey’s output index moved up to 52.9 from 51.7, reaching the highest point since March 2022. Production growth outpaced overall manufacturing activity, though companies relied heavily on orders received in previous months. New orders saw only marginal gains and lagged behind production. Export orders declined once more, with decreases in France, Spain, Italy, and Austria outweighing gains elsewhere in the currency bloc. As a result, July’s production increase was largely supported by existing order books. Factories reduced their backlogs at the fastest rate since January, completing existing orders. This reduction in unfinished work helped sustain output despite weak incoming demand. Additionally, manufacturers decreased employment again in July, continuing a period of job cuts across the sector. Companies maintained cautious staffing levels while order growth remained limited. Business confidence improved to its highest level since February, although it stayed below the long-term average among eurozone goods producers. Production Outpaces Demand Growth Continued weak exports remained a key obstacle to manufacturing recovery. Several major eurozone economies reported fewer orders from foreign clients. Gains in other markets were insufficient to offset these declines. Overall, domestic and export demand combined resulted in only a slight increase in new work, contrasting with the stronger rise in production and the faster reduction in outstanding orders. Factories entered the third quarter with higher production levels than new orders coming in. Despite ongoing disruptions related to the Middle East conflict, input price

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