Monday March 30, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone manufacturing growth eases slightly

Eurozone manufacturing growth eased slightly more than previously thought last month and factories fulfilled existing orders to keep busy, a business survey showed on Tuesday.

A resurgence in the bloc’s periphery countries supported Germany, which was again the driving force, despite slower growth due to extra public holidays. But in France - the bloc’s second-biggest economy - the contraction in activity deepened.

Markit’s final Manufacturing Purchasing Managers’ Index (PMI) for the eurozone fell to 51.8 in June from May’s 52.2, its lowest since November. The final figure was just below a preliminary flash reading of 51.9 but has now held above the 50 mark that separates growth from contraction for a full year. A subindex measuring output fell to 52.8 from 54.3, marking a nine-month low. Some of that tepid growth was generated by running down existing orders as new business increased at a slower pace than in May. The backlogs of work index fell to a nine-month low of 49.5 from 49.6.

“The PMI survey will raise concerns that the euro zone recovery is losing momentum. The overall picture is a reminder of just how fragile the region’s recovery is looking,” said Chris Williamson, chief economist at data collator Markit. Having expanded a feeble 0.2 percent in the first three months of 2014, euro zone quarter-on-quarter growth is expected to be just 0.3-0.4 percent through to the end of next year.

“The slowdown will put pressure on policymakers at the ECB to do more to prevent the recovery from stalling, and we will no doubt see more calls for full-scale quantitative easing to be implemented,” Williamson said. The chance of the European Central Bank launching an asset purchase program has risen to one-in-three, a Reuters poll taken last week found, ahead of this Thursday’s ECB policy-setting meeting. ECB President Mario Draghi announced a raft of measures last month to counter the threat of deflation and support growth, including cutting the deposit rate below zero and offering more long-term loans aimed at boosting bank lending to businesses. Inflation held steady at just 0.5 percent last month, well below the ECB’s target of just below 2 percent and firmly in what it calls the “danger zone.” The PMI data showed factories raised prices marginally in June for a second month but not as fast as their input costs rose. [Reuters]

ekathimerini.com , Tuesday Jul 1, 2014 (11:49)  
Rift talk may be self-fulfilling prophecy
Undeclared labor flourishing as inspections are insufficient
Agenda
Banks write off old debts worth billions
Greece’s Tsipras to meet ministers as creditors ponder overhauls
Greece’s Prime Minister Alexis Tsipras is to hold a cabinet meeting Sunday as Greek officials and creditors in Brussels discuss overhauls the country proposes to secure more funds from the e...
Moscow expects progress from Tsipras visit
Prime Minister Alexis Tsipras’s planned visit to Moscow on April 8 will be a “big event” in the course of relations between Greece and Russia, according to the Russian ambassador in Athens, ...
Inside News
SOCCER
Improved Greece draws 0-0 at Hungary
Greece ended up goalless with Hungary in Budapest on Sunday, on manager Sergio Markarian’s debut on the national team’s bench, a result that has left Greece at the bottom of its Euro 2016 qu...
HANDBALL
Hooligans mar PAOK´s handball cup triumph
PAOK won its second Greek Cup in handball beating AEK 29-27 in Sunday’s final in Thessaloniki, but the clashes between AEK fans and the police as well as the exchange of lethal flares betwee...
Inside Sports
COMMENTARY
Let´s change the subject
Let’s talk about the weather. The cloudy skies, the rain, storms and humidity, the overall heavy atmosphere. It’s better to think of that than politics and politicians, whatever cuts they ma...
EDITORIAL
Too little, too late?
Many of the measures that are rumored to comprise part of the list that the Greek government is expected to submit to the European Commission, European Central Bank and the International Mon...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Improved Greece draws 0-0 at Hungary
2. Rift talk may be self-fulfilling prophecy
3. Undeclared labor flourishing as inspections are insufficient
4. Agenda
5. Banks write off old debts worth billions
6. Hooligans mar PAOK´s handball cup triumph
more news
Today
This Week
1. Eurogroup unlikely to be held soon to discuss Greek reforms
2. Moscow expects progress from Tsipras visit
3. Another suspect eyed in prison breakout plan
4. Greece’s Tsipras to meet ministers as creditors ponder overhauls
5. Greece says talks with lenders are continuing positively
6. Rift talk may be self-fulfilling prophecy
Today
This Week
1. Next Monday is D-Day for state funds
2. PM faces Merkel amid race to detail reforms
3. Some more equal than others
4. Greece to present reforms by Monday, says gov't spokesman [Update]
5. Eurogroup unlikely to be held soon to discuss Greek reforms
6. Looking at the Chinese model
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.