4 largest economies in europe in a slump
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

4 largest economies in Europe in a slump

Arab Today, arab today

Arab Today, arab today 4 largest economies in Europe in a slump

London - UPI

Business output contracted in the four largest economies in Europe in April, research firm Markit Economics said Monday. The output index fell below 50 in Germany in the month, which meant the country joined France, Spain and Italy with a contraction in output for the month. Germany fell into negative output growth for the first time since November 2012, Markit said. For Germany, the output index fell to 49.2, a five-month low. For France, the index hit 44.3, a four-month high. Spain's business output index dropped to 44, a four-month low. Italy's output index climbed to 46.6, a 19-month high, Markit said. The composite index for the eurozone, measuring service and manufacturing sectors, came to 46.9, Markit said. The currency region's service index climbed from 46.4 in March to 47 in April. Overall, however, Markit Economist Chris Williamson said the region's PMI or Purchasing Manager's Index, indicates the "eurozone's economic downturn is likely to have gathered momentum again in the second quarter." "The European Central Bank has responded to the crisis by cutting interest rates to their lowest ever, but it seems difficult to believe that a mere 25 basis point cut from an already low level will have a material impact on an economy that is contracting so sharply," he said. The index suggests the gross domestic product for the eurozone declined at a quarterly rate of 0.4 percent to 0.5 percent in April, he said.

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*

4 largest economies in europe in a slump 4 largest economies in europe in a slump

 



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*

4 largest economies in europe in a slump 4 largest economies in europe in a slump

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday