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Eurozone growth remains muted amid ongoing manufacturing woes
The recent soft patch in the eurozone economy continued into August, according to latest PMI data from IHS Markit, with activity rising modestly amid a marginal increase in new business. The recent pattern of services growth compensating for a downturn in manufacturing was repeated midway through the third quarter. August did see a drop off in confidence among companies in the singlecurrency area, with firms becoming more wary of hiring additional staff as a result. The IHS Markit Eurozone Composite PMI® ticked up to 51.8 in August according to the ‘flash’ estimate, up from July’s three-month low of 51.5 but ... (full story)
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From markiteconomics.com|Aug 22, 2019|2 commentsThe German economy continued to underperform in August, latest flash PMI data showed. Growth of service sector business activity was again countered by a marked fall in goods ...
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From markiteconomics.com|Aug 22, 2019|4 commentsAt 52.7 in August, the IHS Markit Flash France Composite Output Index rose from 51.9 in July, signalling an acceleration in private sector output growth. The solid rise was ...
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From hantecfx.com|Aug 22, 2019The minutes of the July meeting of the Federal Open Markets Committee (FOMC) have given markets pause for thought over how aggressive a cate cutting cycle might be from the Fed. ...
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From reuters.com|Aug 22, 2019|2 commentsThe European Central Bank was forced to ease its rules on how banks should cover their bad loans on Wednesday after the European Parliament weighed in on the matter with its own ...
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- Posted: Aug 22, 2019 4:01am
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