Arab Today, arab today eurozone business activity rise france struggles
Last Updated : GMT 19:37:45
Arab Today, arab today
Arab Today, arab today

Eurozone business activity rise France struggles

Arab Today, arab today

Arab Today, arab today Eurozone business activity rise France struggles

Brussels - AFP

Private business activity across the eurozone rose to a 10-month high in January, a leading indicator showed on Thursday, but the currency bloc still hasn\'t returned to growth as France\'s downturn steepened. The Purchasing Managers\' Index published by London-based Markit researchers, a survey of thousands of eurozone companies, logged 48.2 points in January compared to 47.2 points the previous month. January marked a third rise running for the index, even though it remains below the 50-point line indicating economic growth or contraction -- a 16th reading of less than 50 in 17 months. Manufacturing production fell for the 11th month in a row, with both the manufacturing and services sectors each registering their smallest retreat in 10 months. The key eurozone economy of Germany powered back to growth, but No. 2 economy France is still in contraction. Markit Chief Economist Chris Williamson said the trends within the eurozone were \"worryingly divergent,\" with Germany\'s \"strengthening upturn\" compared to the \"steepest downturn since early-2009\" for France \"creating tensions for policymakers.\" Williamson said forward-looking indicators \"suggest that the rate of decline will continue to slow in the coming months, and a return to growth looks to be on the cards during the first half of 2013.\" However, he also underlined that \"worrying signs of weakness persist, however, with companies cutting staff at a faster rate, reflecting the need to keep costs as low as possible in the face of ongoing uncertainty about the economic outlook.\" \"While the surveys add to the mounting evidence that eurozone economic activity turned the corner in late-2012, they indicate that it is not out of the woods yet,\" said London-based IHS Global Insight analyst Howard Archer, who highlighted worries about France. Jonathan Loynes of Capital Economics also in London said the improvement on the consensus forecast among economists -- of 47.4 points -- is nonetheless \"consistent with quarterly contractions in eurozone GDP of about 0.2 percent, compared to a likely drop of perhaps 0.5 percent in the fourth quarter last year.\" He added that it would be \"premature to conclude that a sustained recovery is now underway. For now, at least, the indices are still consistent with recession.\" Stocks rose slightly and the euro nudged higher, largely based on the news, with Jane Foley, senior currency strategist at Rabobank, saying: \"The fact that this PMI data was better than expected has been sufficient to give risk appetite another fillip. \"However, these data continue to point to further contraction across both manufacturing and services sectors,\" she added. Christian Schulz of Germany\'s Berenberg Bank said the \"safety net\" announced by the European Central Bank last year for governments toiling to borrow at affordable rates \"is progressively affecting the real economy and healing the transmission of monetary policy.\" He added: \"This buys the crisis countries the time to see through the tough structural reforms and fiscal tightening and eventually reap the rewards. The ECB\'s own pessimistic growth forecast look likely to be exceeded.\"

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 eurozone business activity rise france struggles Arab Today, arab today eurozone business activity rise france struggles

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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