Tuesday , January 19 2021

Euro Zone manufacturing activity was accelerated in March

Last Updated: Monday 25 رجب 1440 ه – 01 April 2019 KSA 17:17 – GMT 14:17
Publication Date: Monday 25 رجب 1440 ه – April 01, 2019

Source: LONDON (Reuters)

A survey found that factories in the euro area had seen their worst performance in nearly six years in March, and that future indicators showed difficult times in the pipeline.

The final figure for the IHSMarket Manufacturing Purchasing Managers Index fell in March for the eighth month to 47.5 of 49.3 in February, slightly lower than a preliminary estimate and a lower reading since April 2013.

A measurement of change in production, which feeds a composite index for purchasing managers, is due to show its results on Wednesday and is a good indicator of the state of the economy, to 47.2 of 49.4, the lowest since April. 2013, for the second consecutive month under 50% The difference between growth and compression.

The disappointing results come after the European Central Bank changed its forecast last month. The bank canceled an interest rate walk to at least 2020 and said it would give banks a new cycle of cheap loans to help regenerate the economy.

The Reuters survey last month came to the conclusion that the ECB had lost its chance to increase interest rates before the next slowdown.

Source link