European stock markets closed lower on Thursday amid deteriorating activity indicators in major economies.
The STOXX Europe 600, which accounts for around 90% of European market capitalization in 17 countries, fell nearly 3.34 points, or 0.82%, to close at 402.40.
The UK’s FTSE fell 68 points, or 0.97%, to 7,020 after the country’s manufacturing Purchasing Managers’ Index (PMI) for June fell to its lowest level in 23 months. .
The index fell to 53.4 in June, down 1.2 points from 54.6 in May, U.S. financial services firm S&P Global said earlier in the day.
Germany’s DAX 30 was the worst performer on the day, falling 231 points, or 1.76%, to 12,912.
Germany’s business activity this month also fell to its lowest level in 23 months, according to S&P Global, with the manufacturing PMI dropping to 52.0 in June from 54.8 in May.
France’s CAC 40 fell 33 points, or 0.56%, to 5,883, while Italy’s FTSE MIB fell 173 points, or 0.8%, to 21,615.
Spain’s IBEX 35 fell 39 points, or 0.48%, to 8,106.
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