LONDON - Euro zone business growth stalled in September as an ongoing contraction in manufacturing activity is increasingly affecting the services industry, according to a survey which showed little chance of an improvement this month.
The results will make disappointing reading for policymakers at the European Central Bank who pledged last month to provide indefinite stimulus to revive the 19-country currency bloc’s ailing economy. That was below a preliminary reading of 50.4 and barely above the 50 mark separating growth from contraction.
Williamson said the PMI indicated the bloc’s economy would expand 0.1% this quarter at best, weaker than the 0.2% predicted in a Reuters poll last month.
it feels like this city can be either too hot or too cold. what's the good weather like?
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La source: Reuters - 🏆 2. / 97 Lire la suite »
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ECB's Draghi calls for euro zone stimulus to boost investmentECB president calls for euro zone stimulus, says latest steps at boosting investment have been insufficient EU gonna go broke really quick In other words a recession in Europe is inevitable. With all this burn down of interest rates there and in the United States what will it look like when the tools used to climb out of it have already been exhausted? Let’s get uk out ASAP, so we can take back control of the levers and steer away from it.
La source: Reuters - 🏆 2. / 97 Lire la suite »