Related News
Measures not fueling growth in eurozone
Print Edition
FURTHER evidence emerged yesterday to show that the 18-country eurozone economy is failing to find any renewed momentum despite a raft of stimulus measures from the European Central Bank.
In its monthly survey, financial information company Markit said its purchasing managers’ index for the eurozone — a closely watched gauge of business activity — fell to a nine-month low of 52.3 in September from the previous month’s 52.5.
It blamed the crisis in Ukraine, the related tit-for-tat sanctions between the West and Russia and a general sense of pessimism about the eurozone economy’s plight.
Though anything above 50 indicates expansion, that’s largely due to an improvement in Germany, Europe’s largest economy. Germany, according to Markit, appears to have recovered at least some of the ground it lost in the spring and early summer.
Elsewhere, the picture appears more downbeat, notably in France, the second-largest economy.
The survey also suggested that growth across the eurozone may slow further in the fourth quarter as new manufacturing orders decreased for the first time in 15 months.
“The survey paints a picture of ongoing malaise,” said Chris Williamson, Markit’s chief economist.
He said the survey pointed to growth in the eurozone of around 0.3 percent in the third quarter.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
