Arab Today, arab today european output slumps in new sign of wavering economic recovery
Last Updated : GMT 19:52:29
Arab Today, arab today
Arab Today, arab today

European output slumps in new sign of wavering economic recovery

Arab Today, arab today

Arab Today, arab today European output slumps in new sign of wavering economic recovery

Factory in Sochaux
Paris - AFP

Industrial production slumped across Europe in May, sparking fears that the region's fragile economic recovery may have already peaked, analysts said Thursday.
France, Italy and the Netherlands all reported a slew of poor data Thursday, joining Germany and Britain which reported falling output earlier this week.
"All were sharply below consensus and our expectations," said Christian Schulz, economist at German bank Berenberg.
French industrial production fell by 1.7 percent in May after posting slight growth the month before, while Italy's slid 1.2 percent -- its biggest fall since November 2012.
The Dutch posted a 1.9 percent drop, and German industrial output fell for the third month in a row in May, this time by 1.8 percent. Output in Britain, which is not a eurozone member, slipped by a more modest 0.7 percent.
Calendar effects played a role, as a late Easter weekend this year might have led workers to take their holidays in May, thereby reducing production.
But more crucially, the region's output was hit by external events, analysts said.
The manufacturing cycle is most sensitive to external events, and Europe has had a "cocktail of negative external effects", said Frederik Ducrozet, an economist at Credit agricole CIB.
Besides the crisis in Ukraine, a slowdown in Chinese growth and a poor first quarter in the world's economy the United States did not help.
Schulz also pointed to "geo-political uncertainty, especially the Putin effect", with the crisis in Ukraine taking its toll on investor confidence.
Other analysts warned that the greater implication for the region is that growth may once again be stalling.
"With industry looking unlikely to power faster economic growth in the euro-zone, evidence is mounting that the region’s recovery might already be peaking despite the huge amount of slack in the economy," said Jessica Hinds, economist at the Capital Economics.
"We can describe it as a scenario of aborted recovery in Europe," Olivier Passet, an analyst at French firm Xerfi said.
"We didn't sufficiently blow on the embers of the recovery because we maintained a macroeconomic stance that was too rigid," he said, referring to austerity policies in force in Europe.

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 output slumps in new sign of wavering economic recovery Arab Today, arab today european output slumps in new sign of wavering economic recovery

 



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 output slumps in new sign of wavering economic recovery Arab Today, arab today european output slumps in new sign of wavering economic recovery

 



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 Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
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 Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
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 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
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 Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
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 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 10:16 2017 Friday ,22 September

All eyes on May as she prepares

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 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

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