european outlook dims
Last Updated : GMT 15:39:34
Arab Today, arab today
Arab Today, arab today

European outlook dims

Arab Today, arab today

Arab Today, arab today European outlook dims

New York - Arabstoday

Manufacturing strengthened in the United States and China in March while the eurozone contracted for the eighth straight month, underlining the uneven pace of global economic growth. The US Institute for Supply Management’s index of national factory activity rose to 53.4, topping economists’ expectations of 53.0. A reading above 50 indicates expansion. Factory activity also strengthened in leading Asian exporters China, South Korea and Taiwan, although output was still far from robust. However, other reports showed the downturn in Europe’s periphery members has spread to the core countries of Germany and France, according to purchasing managers’ indexes for March. The outlook is grim as new orders fell across the region for the tenth month. “We are probably through the weakest for the global backdrop in terms of the major economies already, but they are now coming out at different paces,” said Jeavon Lolay, head of global research at Lloyds Banking Group. “Asia is going to lead the global economy with the United States not too far behind, leading the developed economies, but Europe will be the laggard.” Still, the US data also showed a hint of weakness. The ISM said new orders edged down to 54.5 from 54.9 and prices paid also eased to 61.0 from 61.5. Markit’s Eurozone Manufacturing PMI dropped to 47.7 last month from 49.0 in February, in line with a preliminary reading. It has now been below the 50 mark, which divides growth from contraction, since August. Earlier data from Germany, Europe’s largest economy, showed its manufacturing sector contracted last month and it was a similar story in neighboring France. In Spain, struggling to implement austerity measures demanded by the European Union to meet tough deficit targets, the sector contracted for the 11th month. Manufacturing in Italy shrank for an eighth month. Across the channel, British manufacturing activity expanded at its fastest pace in 10 months in March, driven by a pick-up in new orders, and increasing the chance that Britain’s economy grew in the first three months of 2012 and avoided a recession. Asia’s economic fate remains closely tied to that of its export customers in the US and Europe. The brighter Asian figures, released on Sunday and Monday, still suggested economic growth slowed in the first quarter of 2012. China appeared to be headed for its weakest quarter since early 2009, at the depths of the global financial crisis. China’s official Purchasing Managers’ Index hit an 11-month high with a stronger-than-expected reading but a separate private survey by HSBC painted a gloomier picture.

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*

european outlook dims european outlook dims

 



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*

european outlook dims european outlook dims

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Online exhibit shows hidden depths of

GMT 11:45 2017 Thursday ,23 November

Online exhibit shows hidden depths of
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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