Tuesday, January 27, 2015   

Eurozone economy still in timid recovery: survey
(08-21 18:06)

A timid economic recovery in the eurozone is still holding, a closely-watched survey showed on Thursday, but at a pace that promises only negligible growth for the year.
This latest data is likely to strengthen the views of those who hold that the European Central Bank will eventually take extra measures to inject cash into the single-currency zone.
"The eurozone economy continued to make steady progress in August, as the region looks to bounce back following the recent weaker-than-expected GDP (gross domestic product) readings for the currency union,'' said Rob Dobson, senior economist at the private Markit research group which published the data.
Markit's set of leading indicators -- the purchasing managers' index (PMI) -- turned in a figure of 52.8, above the 50-point signalling growth or downturn, but lower than a revised figure of 53.8 in July.
At that level however, the region remained on course "to register growth of only around 0.3 percent - 0.4 percent in the third quarter, a level that is unlikely to stimulate any real turnaround in the labor market,'' Dobson added.
Official data last week showed that eurozone growth ground to a standstill in the second quarter, with none of the bloc's three biggest economies -- Germany, France and Italy -- registering growth. --AFP   
Other Business breaking news:
China levies consumption tax on batteries, paint (13 mins ago)
British economy grows by 2.6% in 2014, 0.5% in Q4: data (16 mins ago)
European stocks slip at open (51 mins ago)
Hang Seng ends lower (1 hr 20 mins ago)
Siemens confirms 2015 outlook, Q1 in line with expectations (1 hr 20 mins ago)
Nikkei finishes higher (01-27 14:32)
Hang Seng down at midday (01-27 12:33)
Nikkei jumps by break (01-27 11:22)
China sells 284 subway cars to Boston (01-27 10:58)
Microsoft profit dips as revenue rises (01-27 10:19)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.