Manufacturing Activity Across Eurozone Shrinks

Manufacturing Activity Across Eurozone Shrinks

Manufacturing activity across Europe contracted to a two-year low, confirming that the debt-troubled region is in recession, Reuters ( reported.

The euro zone's purchasing managers' index (PMI) reached 46.4 points with a worsening factory activity in France and Germany. The UK's PMI shrank at the fastest pace in two years to 4.6 points in November, its lowest rate since June 2009. The results proved that the Britain economy is also threatened.

The developed world has been in stagnation for the past several months, with some small exceptions in the United States, but the slowdown appears to be spreading to economic powerhouses of the developing world, Reuters added.


Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.