Arab Today, arab today european outlook dims
Last Updated : GMT 07:30:49
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*

Arab Today, arab today european outlook dims Arab Today, arab today european outlook dims

 



Arab Today, arab today

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 european outlook dims Arab Today, arab today european outlook dims

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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