Euro-Zone Private Sector Back in Contraction on Factory Slump

Bloomberg News

Euro-Zone Private Sector Back in Contraction on Factory Slump
S&P Global
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 78 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

(Bloomberg) -- The euro area’s private-sector economy shrank for the first time since March, with a deepening manufacturing downturn heightening concerns...

-- The euro area’s private-sector economy shrank for the first time since March, with a deepening manufacturing downturn heightening concerns that the region’s recovery has run out of steam.Belfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportThe composite Purchasing Managers’ Index by S&P Global dropped to 48.9 in September from 51 the previous month — below the 50 threshold separating growth from contraction.

Output in the bloc’s 20 nations already began to fade in the second quarter, with consumers still hesitant to open their wallets even as they benefit from cooling inflation and rising wages. Weak foreign demand - especially in China - is also weighing on factories. But momentum also slowed in France, where an Olympics-related bounce disappeared quickly and activity in the services sector plunged. The overall gauge of activity signalled another contraction after growth in August.

“We expect the official employment figures in the euro zone, which have remained stable so far, to worsen in the coming months, though demographic trends should provide more stability than in previous downturns,” de la Rubia said. We recently compiled a list of the 10 Best Household and Personal Care Stocks to Buy. In this article, we are going to take a look at where Helen of Troy Limited stands against the other household and personal care stocks. According to Grand View Research, the global market for beauty and personal care products We recently compiled a list of the 10 Worst ADR Stocks To Buy According to Short Sellers.

ZURICH, Switzerland — Former Olympic champion Richard Carapaz of Ecuador has withdrawn from the cycling world championship road race because of an urgent family issue.We recently compiled a list of the 10 Worst ADR Stocks To Buy According to Short Sellers. In this article, we are going to take a look at where Fiverr stands against the other ADR stocks. An American Depositary Receipt is a certificate issued by a U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

S&P Global

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Private sector tallies lowest monthly job gain since January 2021Private sector tallies lowest monthly job gain since January 2021The data comes as investors watch for signs of how quickly the Federal Reserve could bring down interest rates as inflation eases.
Read more »

Gold prices climb higher after ADP says private sector created 99K jobs in AugustGold prices climb higher after ADP says private sector created 99K jobs in AugustThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »

Euro-Zone Inflation Slumps to 3-Year Low, Backing Rate CutEuro-Zone Inflation Slumps to 3-Year Low, Backing Rate Cut(Bloomberg) -- Euro-area inflation plunged to the lowest level since mid-2021 – reinforcing arguments for another cut in interest rates by the European...
Read more »

Euro zone inflation falls sharply, clearing way for an ECB rate cut in SeptemberEuro zone inflation falls sharply, clearing way for an ECB rate cut in SeptemberThe monthly figure is now close to the ECB’s target of 2%, the level considered best for the economy
Read more »

Euro-Zone Inflation Slumps to 3-Year Low, Backing Rate CutEuro-Zone Inflation Slumps to 3-Year Low, Backing Rate CutEuro-area inflation plunged to the lowest level since mid-2021 – reinforcing arguments for another cut in interest rates by the European Central Bank in less than two weeks.
Read more »

Why Canada’s economy is on the ropesWhy Canada’s economy is on the ropesPerhaps the most alarming trend is the disparity between public and private sector job growth
Read more »



Render Time: 2025-02-19 07:56:57