Euro zone business activity shrinks to six month low after new coronavirus lockdowns

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

The flash euro zone PMI composite output index came in at 45.1 in November — the lowest reading in six months.

The economic shock was once again felt mostly in the services sector with non-essential shops closed, curfews and restrictions on movement.

The Champs-Elysees Avenue and the Arc de Triomphe are seen after the Christmas illuminations were switched on in Paris, France, Nov. 22, 2020.LONDON — Economic activity in the euro zone sank once again in November after governments introduced new lockdowns and social restrictions to contain further spreading of theHowever, news that a Covid-19 vaccine might soon be ready for distribution has made businesses more confident about returning to their normal activity levels in the next 12 months.

Economic activity in France dropped to a six-month low in November on the back of the re-imposition of a national lockdown. However, the economic shock was less severe to the one caused by the first shutdown in spring. The German flash PMI composite output index stood at 52 in November — the lowest in five months but nonetheless a positive reading.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Along with democrat / Rhino politicians backbone !

Economic recovery will be built on educated upskilled workforce We know from experience, economic downturns lead to upturns in demand for education. An undisclosed amount of government funding will be invested in Micro-credentials.

Annual recurring revenue increased by 55% to A$1.225 million YoY A 160% growth (YoY) was seen in Platform SaaS customers Total 4.238 million people are enrolled with $OLL. There was a quarterly increase of 563k, up +15% QoQ Definitely a growing market!

New Strains Of COVID Could Render Vaccines Completely Useless, And 2 Dangerous Mutations Are Already Spreading

There are companies that have suffered big blows from COVID; there are companies that have benefited from COVID; and there are companies for whom COVID has only accelerated in their markets that were already happening $OLL is firmly in the latter category.

RELATED STOCKHEAD STORIES About $OLL Weekly roundup: Tech stocks that emerged as winners - $OLL Canaccord Genuity Report on $OLL - $0.50 Fair Value, $0.74 Bullish Target. Current SP for ASX: $OLL ($0.315)

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:

 /  🏆 12. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines