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
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data