Eurozone PMI Triggers Worry of Stagnation — Markit
The eurozone PMI for September was poor enough to create anxiety about whether the region has truly recovered from the Great Recession.
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The eurozone PMI for September was poor enough to create anxiety about whether the region has truly recovered from the Great Recession. Debt burdens, unemployment and poor gross domestic product have fostered the worry.
The eurozone manufacturing sector slowed closer to stagnation in September, as inflows of new orders contracted for the first time since June 2013. Input costs and selling prices were both lower than in August.
The final seasonally adjusted Markit Eurozone Manufacturing PMI fell to a 14-month low of 50.3, below the earlier flash estimate of 50.5 and August’s reading of 50.7. The average PMI reading for the third quarter as a whole (50.9) was also the lowest since the same quarter of last year.
Ireland and Spain bucked the trend on the upside.
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