Mexican Media Brands
Eurozone Growth Slumps to 20-Month Low
Economic expansion in the 19-member eurozone slowed in September to its weakest pace in 20 months, mainly because of a sluggish German economy, according to IHS Markit’s purchasing managers’ index.
#economics
Share
Economic expansion in the 19-member eurozone slowed in September to its weakest pace in 20 months, mainly because of a sluggish German economy, according to IHS Markit’s purchasing managers’ index.
The measure of business activity declined to 52.6 this month from 52.9 in August, the Associated Press reports. Any number above 50 signifies growth. This month’s report says overall expansion in the third quarter will be a “sluggish” 0.3%.
The manufacturing sector expanded at its strongest rate in 10 months, according to the analysis. But activity in the service sector slumped.
There were sharp differences in the performances of individual member states too. France’s business activity posted its strongest gain in 16 months, while Germany’s growth sagged to a 16-month low. It was the first time the French economy outpaced Germany in more than four years.
The index report says the eurozone’s economic health remains “fragile” and has not yet shown real traction. Analysts have been expecting the European Central Bank to roll out new economic stimuli before year-end.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.