Mexican Media Brands
Eurozone Edges Nearer to Recession
Business activity in the eurozone continues to slow, dragging the region closer to a new recession, according to Markit Economics' Composite Purchasing Manager's Index.
#economics
Share
Business activity in the eurozone continues to slow, dragging the region closer to a new recession, according to Markit Economics' Composite Purchasing Manager's Index.
The London-based market research firm's index lost one point, sliding to a 16-month low of 51.1 in November from a 35-month high of 53.5 in May. Any number above 50 indicates growth.
Markit estimates the eurozone's gross domestic product will expand only 0.1% in the fourth quarter. November new orders in the manufacturing sector fell for the third consecutive month.
Williamson says France's worsening economic slump poses the biggest threat to the eurozone. He also notes the growth in business activity in Germany has sagged to its slowest pace in 17 months.
Chief Economist Chris Williamson opines that quick and aggressive measures will be needed to avert the "strong likelihood" of economic contraction in 2015.
RELATED CONTENT
-
Creating a Low-Cost Chassis Architecture
The engineers at Zenos Cars have combined recycled carbon fiber, drinking straws and aluminum to create a chassis for a low-volume sports car.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
Lightening the Lotus Evora 400
The Lotus Evora 400 weighs 3,153 pounds in the U.S. and Canada.
