Arab Today, arab today eurozone business activity robust but slips off highs
Last Updated : GMT 06:53:52
Arab Today, arab today
Arab Today, arab today

Reminder that economic recovery remains fragile

Eurozone business activity robust but slips off highs

Arab Today, arab today

Arab Today, arab today Eurozone business activity robust but slips off highs

Giant Euro sign in front of European Central Bank headquarters in Frankfurt
Brussels - Arab Today

Giant Euro sign in front of European Central Bank headquarters in Frankfurt Business activity in the 18-nation eurozone stayed robust in February but slipped off its highs, a reminder that the economic recovery remains fragile, a key survey showed on Thursday. Markit Economics' said its Eurozone Composite Purchasing Managers Index (PMI) for February fell to 52.7 points in February from 52.9 in January.
Analysts polled by Dow Jones Newswires had expected this leading indicator to give a reading of 53 points.
Despite the fall, the reading remained above the 50-points growth-downturn line for an eighth month running, Market said.
“A dip in the eurozone PMI provides a reminder that the region's recovery continues to be uneven and fragile," chief Markit Economist Chris Williamson said.
"The slight easing in growth is disappointing, but it?s too early to read too much into one month's data," Williamson said.
He said that taking January and February together, the PMI readings suggest the eurozone economy should grow 0.5 percent in the first quarter of the year.
The bloc expanded with 0.3 percent growth in the last three months of 2013, after 0.1 percent in the third quarter and 0.3 percent in the second, when it finally escaped a record 18-month recession.
Markit's Eurozone Services PMI edged up to 51.7 points in February from 51.6 in January while the Manufacturing PMI dropped sharply to 53 points from 54.
Williamson noted that growth "continued to be led by Germany, which contrasts with a worrying renewed downturn in France," despite a better export performance.
This "suggests there is a risk of the French economy contracting again in the first quarter," he said.
“Unemployment looks set to remain a worry, as companies report ongoing pressure to keep headcounts down to reduce costs and boost competitiveness," he noted, while prices also continue to fall.
Price pressures have eased steadily in the past year and reflect, at least in part, weak consumer demand.
James Howat at Capital Economics said the figures suggest "the recovery is struggling to gather pace" and estimated first quarter growth at around 0.3 percent.
"All this suggests that, while the eurozone recovery continues, it is still struggling to gain enough pace to solve the region’s debt problems or erode the ample spare capacity in the economy," Howat said. but
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone business activity robust but slips off highs Arab Today, arab today eurozone business activity robust but slips off highs

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eurozone business activity robust but slips off highs Arab Today, arab today eurozone business activity robust but slips off highs

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday