Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Eurozone manufacturing in doldrums: Markit index

by

BRUSSELS Oct 02, 2014 - 12:00 am GMT+3
No Image
by Oct 02, 2014 12:00 am
The eurozone's manufacturing sector reported lacklustre activity in September, set back by a fall in production by powerhouse Germany, a survey showed on Wednesday, adding to the clouds over the single currency zone. The latest survey of leading indicators from manufacturing industries in the Eurozone revealed a purchasing managers' index (PMI) reading of 50.3 points, down from 50.7 points in August - the lowest for 14 months.

The survey, by the Markit analysis group, is closely watched as a reliable indicator of future performance of manufacturing activity, and the new figures are likely to raise pressure on the European Central Bank to do more to avert deflation. The bank will hold a policy meeting on Thursday when it is expected to provide details of programs already under way to inject cash into the eurozone economy.

The bank is not expected to announce any new measures, but analysts will watch in case it hints at any extra action to come.

The latest Markit data for manufacturing sentiment was a second estimate and worse than the first estimate of 50.5 points. A reading of 50 marks the mid-line between signs of rising production or of decline, and the latest figures mean that the overall outlook has edged down in the month to almost stagnation level.

IHS Global Insight analyst Howard Archer said that there was little positive news in the latest manufacturing index and the outlook was worrying since order books had shrunk for the first time since June 2013. At Berenberg bank in London, economist Christian Schulz commented: "A down revision of the German manufacturing PMI in September overshadowed signs of stabilization elsewhere in eurozone manufacturing. Export-oriented manufacturers have suffered from the uncertainty caused by the crisis in eastern Ukraine and other geo-political risks, as well as the mixed performance in emerging markets and a slow recovery in the eurozone itself."

  • shortlink copied
  • Last Update: Oct 02, 2014 1:46 am
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    business
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    2022 Ballon D'or nominees announced as Messi, Neymar miss cut
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021