If ever there was a time for Europe to reconsider its move toward austerity as a means to balance national budgets and improve the perceived value of sovereign debt, it ... Read Full Story »
Markit issued its year-end eurozone PMI data. The summary of the report: Data collected 5–14 December. • Final Eurozone Manufacturing PMI at 46.1 in December (flash estimate 46.3) • Downturn remains widespread, ... Read Full Story »
Europe remains in deep economic trouble, judging by the Markit Eurozone PMI reading. Other data on unemployment and GDP is only confirms this information: The Markit Eurozone PMI Composite Output Index rose to 46.5 ... Read Full Story »
China GDP Forecast for 2013 According to the Chinese Academy of Social Sciences (CASS), economic growth in the Asian nation could improve to 8.2% next year, compared to the estimated ... Read Full Story »
Fewer new orders and increasing layoffs marked a worsening decline for eurozone companies last month, diminishing hopes that the region's economy would return to growth in the fourth quarter. Markit's Eurozone Composite ... Read Full Story »
Research firm Markit reports and Eurozone PMI remained weak in August. The data show that most of Europe has dropped into a double dip recession. It raises the issue of whether weak economies like Spain ... Read Full Story »
The Markit preliminary composite purchasing managers' index (PMI) for the eurozone indicated that services and manufacturing output in the region contracted for a seventh consecutive month in August. But the pace ... Read Full Story »
Top officials, including the finance ministers of the G7, have called an emergency meeting over the European sovereign debt crisis. Observers wonder whether these ministers can succeed where the European ... Read Full Story »
China’s PMI was just above or just below the dead line, depending on whether an HSBC survey or official number from the People’s Republic is correct. China’s factory activity has stalled or is falling ... Read Full Story »