Arab Today, arab today eurozone economy slows further
Last Updated : GMT 18:03:54
Arab Today, arab today
Arab Today, arab today

Eurozone economy slows further

Arab Today, arab today

Arab Today, arab today Eurozone economy slows further

London - UPI

The slowdown in business in the eurozone slowed further in February, data firm Markit Economics indicated Thursday. The Markit Eurozone Purchasing Managers\' Index for the eurozone dropped from 48.6 in January to 47.3 in February, Markit\'s flash estimate indicates. The break-even point in the index is 50, meaning falling further below 50 indicates a more severe slowdown. The figures could be revised but the flash estimate for service-oriented firms slipped in February from January\'s 48.6 to 47.3, while the flash PMI for manufacturing firms dropped from 47.9 to 47.8. Markit noted that business output rose in Germany, the largest economy in the eurozone, for the third consecutive month, although the gain was at a slower rate than previously. In contrast, Markit said, rates of decline accelerated in France, the second largest economy, and in the rest of the 17-member currency region as a whole. \"A steepening rate of decline in February is a disappointment and suggests that the eurozone is on course to contract for a fourth consecutive quarter in the first three months of the year,\" said Markit Chief Economist Chris Williamson. \"However, despite the fall in the PMI, the first quarter decline in the economy should be less severe than the 0.6 percent drop in GDP seen in the final quarter of 2012, with a contraction of 0.2-0.3 percent looking likely,\" 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*

Arab Today, arab today eurozone economy slows further Arab Today, arab today eurozone economy slows further

 



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 eurozone economy slows further Arab Today, arab today eurozone economy slows further

 



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 How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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