Arab Today, arab today eurozone economic activity ticks up after sharp fall
Last Updated : GMT 06:09:23
Arab Today, arab today
Arab Today, arab today

Eurozone economic activity ticks up after sharp fall

Arab Today, arab today

Arab Today, arab today Eurozone economic activity ticks up after sharp fall

Frankfurt's Bankenviertel is the biggest financial centre in the Eurozone
Brussels - AFP

Eurozone private sector business activity ticked up in March after a sharp fall in February, a closely watched survey showed Tuesday, but the outlook remains clouded.

Data monitoring company Markit said its March Composite Purchasing Managers Index (PMI) inched up to 53.1 points from a revised 53 points in February.

The PMI measures companies' readiness to spend on their business and so gives a good idea of how the underlying economy is doing.

The March figure was initially given as 53.7 points but revised down largely because of fresh weakness in the struggling French and Italian economies, Markit said in a statement.

The reading was however still above the 50-point boom-or-bust line, showing the 19-nation eurozone continued to expand at a modest pace but well short of what was expected after the European Central Bank launched a massive stimulus programme early last year.

"The extent of the acceleration was negligible," Markit said in a statement,

Chris Williamson, Markit chief economist, said "the eurozone economy failed to show any significant gain in momentum in March."

Based on Tuesday's figures, the economy would have grown about 0.3 percent in the three months to March, unchanged from the third and fourth quarters of 2015, he said.

"Sluggish growth is the result of lacklustre demand, accompanied by falling prices as firms compete at the expense of profit margins," Williamson said.

"Hopes are pinned on the economy being rejuvenated by the ECB's more assertive policy initiatives," he added.

Last month, the ECB adopted even more drastic measures in an effort to get the economy back on track at the same time as it cut its eurozone growth forecasts for 2016 and 2017 to 1.4 percent and 1.7 percent, from the previous 1.7 percent and 1.9 percent, respectively.

 

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 economic activity ticks up after sharp fall Arab Today, arab today eurozone economic activity ticks up after sharp fall

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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