downturn in eurozone accelerates
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Downturn in eurozone accelerates

Arab Today, arab today

Arab Today, arab today Downturn in eurozone accelerates

London - UPI

Research firm Markit Economics said business activity in the 17-member eurozone slid at a faster rate in September than in August. A so-called flash estimate of the region's Composite Output Index, an advanced measure with 85 percent of the pertinent data available, came in at 45.9 in September compared with a revised 46.3 posting for August. Under 50 in the index indicates a contraction and the further away from 50 the faster the contraction. Above 50 indicates growth. For service industries, the Purchasing Managers Index in September hit a 38-month low at 46, down from 47.2 in August, which was, as of a month earlier, a two-month low. The Flash Eurozone Manufacturing PMI in August also came in at 46, but this index moved higher from a 45.1 reading in August. For the manufacturing index, 46 represents a six-month high. The Manufacturing PMI Output Index for the eurozone reached a five-month high at 45.5, which follows a reading of 44.4 in August. Markit said the decline in output "reflected an accelerated rate of loss of new business -- the largest monthly fall since May 2009." In Germany, the largest economy in Europe, the rate of output decline slowed and "the rate of loss of new orders also eased," Markit said. In France, the second largest economy in Europe, output and new orders "both (fell) at the fastest rates since April 2009," the research firm said. "The Eurozone downturn gathered further momentum in September, suggesting that the region suffered the worst quarter for three years," said Markit Chief Economist Chris Williamson. "The flash PMI is consistent with GDP contracting by 0.6 percent in the third quarter and sending the region back into a technical recession," 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*

downturn in eurozone accelerates downturn in eurozone accelerates

 



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*

downturn in eurozone accelerates downturn in eurozone accelerates

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
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