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.
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:
it feels like this city can be either too hot or too cold. what's the good weather like?
Hello_world There_are_people_Making Revolution_now_in_iraq ! Show_your_support_for_the right_of_Iraq_people_to protest_peacefully Save_the_Iraqi_people HELP_Iraq saveIraqipeopl
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: Reuters - 🏆 2. / 97 Read more »
Paychex CEO tells Jim Cramer that small business hiring picked up in September despite slowdown worriesWhile businesses have some concern about the overall economy, they're hiring to meet demand for products and 'that's good news,' payroll provider Paychex CEO Martin Mucci tells Jim Cramer.
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: Reuters - 🏆 2. / 97 Read more »