Uso de cookies Utilizamos cookies propias y de terceros para mejorar nuestros servicios y mostrarle publicidad relacionada con sus preferencias mediante el análisis de sus hábitos de navegación. Si continúa navegando, consideramos que acepta su uso. Puede obtener más información sobre nuestra: Política de cookies

The global fashion business journal

16 Jan 201908:51

Eurozone’s activity reaches four-year low in october

The last data gathered by indicator Purchasing Managers Index (PMI) carried out by theconsultant IHS Market confirm Europe’s economy stagnation.
23 Nov 2018 — 17:30
Mds
Share
Save

Eurozone’s activity reaches four-year low in october

 

 

More stagnating symptoms for European economy. Trade activity in the Eurozone grew in November at its weakest rate in almost four years, as stated by Purchasing Managers Index (PMI) composited of the total activity of the Eurozone, which measures European companies’ entrepreneurial activity.

 

Concretely, PMI composite index registered 52.4 points in the eleventh month of the year, ahead of the 53.1 points it scored last October, according to the consultant IHS Market’s research.

 

Chris Williamson, chief economist of HIS Market, has explained that the European economy is facing a discouraging end of the year, after adding that other indicators as the reception of orders by the industry are currently low.

 

 

 

 

In fact, the service sector’s commercial activity PMI and the manufacturer sector’s production PMI both dropped in November. The former obtained 52.1 points, standing at minimums from 25 months ago, whereas the latter registered 51.5 points, the lesser amount of the last twenty months.

 

The data follows the same direction as the predictions of the International Monetary Fund (IMF) on European economy. The organism reduced the growth predicted for the Eurozone this year in two-tenths of a point, a 2.2%.

 

IMF has also modified its predictions for Spain, setting the growth of Spain’s Gross Domestic Product (GDP) at 2.5%, two-tenths of a point below the estimations calculated in July.

 

Following that same line there is OCDE, which modified its predictions for Spain, claiming that this year, it would grow at a rate of 2.6%, two-tenths below what it had predicted last May.

Advertising
Comment
Share
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...