The Euro zone economy has been spluttering during September following a sharp decline in global trade and the threat of a “no-deal” Brexit still looms large.
It is not a good signal as the data for Q3 2019 will probably not improve from the May through June period.
The IHS Markit Germany Manufacturing PMI fell to 41.4 in September 2019 from 43.5 in the previous month. This was below market expectations of 44.0. This latest reading highlights the steepest contraction in factory activity since the global financial crisis in mid-2009, as output declined at the sharpest pace since July 2012. New business activities declined more rapidly than at any time in the past decade given weaker overseas demand.
Output and new order levels shrank, led by a decline in new export sales. Meanwhile, employment and backlogs of work continued to increase. In addition to the risk of a recession in Germany, carmakers are also facing a slowdown in the Chinese car market. European sales over the year to date are down 3.2% and the continent’s five biggest markets all contracted in August, with Spain and France posting the biggest slowdowns.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Labour says no-deal Brexit risk must be averted before any move against PMThe opposition Labour Party must make sure the risk of Britain leaving the Europ...
Consulte Mais informação »
PM Johnson says he will not resign to avoid asking for Brexit delayBritish Prime Minister Boris Johnson said on Sunday he would not resign to avoid...
Consulte Mais informação »
Brexit Party leader Farage says he will run in next electionBrexit Party leader Nigel Farage said on Sunday he would run for a seat in Brita...
Consulte Mais informação »
Brexit Party leader Farage says he will run in next UK electionBrexit Party leader Nigel Farage said on Sunday he would run for a seat in Brita...
Consulte Mais informação »
Jeremy Corbyn is under growing pressure to agree an anti-Brexit electoral pact with other partiesExclusive: Labour MP Rosie Duffield joins a growing number of MPs calling for the party to join a Remain alliance at the next general election.
Consulte Mais informação »
Brexit crisis pushes UK business expectations to weakest since 2011: CBIPessimism in British businesses rose in the three months to September to the hig...
Consulte Mais informação »