FRANKFURT (MarketWatch)
The Markit preliminary composite purchasing managers
index reading for the 17-nation euro zone was unchanged at 46.4 in July,
signaling a sixth straight month of shrinking private-sector activity across the
region
A reading of less than 50 indicates a contraction in activity
Economists surveyed by Dow Jones Newswires had forecast a reading of 46.5
The
PMI for the manufacturing sector fell to a 37-month low of 44.1 from 45.1 in
June, Markit said, while the services PMI rose to a four-month high of 47.6 from
47.1, but remained in contraction territory
Markit said the fall in output was
spread across the euro zone, with German activity shrinking at the fastest pace
in three year
"The flash PMI for July suggests the euro area downturn showed
no signs of letting up at the start of the third quarter," said Chris
Williamson, chief economist at Markit
Welcome
The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
Cortesía de Investing.com
Agenda Macro
Calendario económico en tiempo real proporcionado por Investing.com España.
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