Arab Today, arab today eurozone growth at 16month slow point
Last Updated : GMT 05:05:55
Arab Today, arab today
Arab Today, arab today

Eurozone growth at 16-month slow point

Arab Today, arab today

Arab Today, arab today Eurozone growth at 16-month slow point

A fall in eurozone growth to a 16-month
Brussels - AFP

 Growth in the eurozone has slowed to its slowest pace in 16 months as new orders dip, survey company Markit said Thursday, raising pressure on policymakers to crank up measures to support the economy.
Markit's flash reading of its composite purchasing managers' index (PMI) for the eurozone in November came in at 51.4 points, down from 52.1 in October.
A reading above 50 indicates growth. Such surveys of businesses are the most current reading of economic activity, and are thus closely watched by markets and policymakers.
While manufacturing ticked up slightly, growth slowed in the service sector slowed to its weakest reading since last December, said Markit.
New orders fell marginally, but it was a first decline since July 2013, which Markit said suggests growth could slow further in December.
"A fall in the eurozone PMI to a 16-month low raises the risk of the region slipping back into a renewed downturn," Markit Chief Economist Chris Williamson said in a statement.
He said the PMI points to economic growth of 0.1-0.2 percent in this quarter. The eurozone grew by an anaemic 0.2 percent in July through September.
"Policymakers will no doubt be disappointed that recent announcements and stimulus measures are showing no signs of reviving growth," said Williamson.
"The deteriorating trend in the surveys will add to pressure for the ECB to do more to boost the economy without waiting to gauge the effectiveness of previously-announced initiatives," he added.
The European Central Bank has launched new programmes to pump money into banks to step up lending and begun limited buying of assets to free of their balance sheets.
It has signalled it is ready to step up asset purchases if necessary, but so far has shied away from massive purchases of government bonds like the British, Japanese and US central banks due to sensitivities over subsidising government borrowing.
Markit said a key area of weakness remained France, where business activity fell for a seventh consecutive month, although the flash composite PMI ticked up to 48.4 from 48.2 in October, indicating the rate of contraction slowed.
Germany's composite flash PMI for November dipped to 52.1 from 53.9 the previous month, a 16-month low, pointing to a slowdown in growth in the eurozone's biggest economy.

 

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 growth at 16month slow point Arab Today, arab today eurozone growth at 16month slow point

 



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 growth at 16month slow point Arab Today, arab today eurozone growth at 16month slow point

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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