S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Economy

Eurozone PMI Well Below Forecast — Markit

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Euro

In a sign that the recession that ravaged the eurozone continues to drag on its economy, its most recent Purchasing Managers Index (PMI), as measured by Markit, missed most expectations on the low side.

The research firm’s experts reported:

The pace of economic growth in the euro area slowed  to a 16-month low in November, according to the Markit Eurozone PMI. The headline index, which measures business activity in the manufacturing and services economies, fell from 52.1 in October to 51.4, its lowest since July of last year.

Figures from the eurozone’s largest economy should also cause anxiety:

November’s flash data signalled a further slowing in private sector output growth in Germany, as highlighted by the seasonally adjusted Markit Flash Germany Composite Output Index falling from 53.9 in October to 52.1.

SEE ALSO: The 20 Most Profitable Companies in the World

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Europe, Its Growth Crippled, Becomes A Global Concern Again

Europe’s growth has begun to slow, which will raise fresh questions about whether debt issued by the nations in the…

Eurozone PMI Drops to Near Recession Level
Douglas A. McIntyre |

Eurozone PMI Drops to Near Recession Level

Here is another sign of how close Europe's overall economy is to contraction and how perilous the global expansion is…

Trey Thoelcke |

Economic Activity Across the Eurozone Contracts in August

Research firm Markit put out its final PMI data for August. Among the eurozone nations, the figures were worse than flash data given earlier.…

Douglas A. McIntyre |

Europe, Particularly Germany, Recovers

In the shadow of deep concerns about the viability of the sovereign debt of some of the eurozone’s weakest nations, the economies…

Eurozone PMI Slows
Douglas A. McIntyre |

Eurozone PMI Slows

According to research firm Markit, eurozone PMI growth slowed to a four-month low, another sign the economies in major nations…

Douglas A. McIntyre |

EU Double Dip Worsens: Eurozone PMI Still Weak — Markit

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.…

Jon C. Ogg |

Reality Check: Germany Cannot Carry the Euro Alone, Contraction Arrives

ThinkstockGermany is supposed to be the cement that makes up the foundation of the euro. Maybe France is the mortar…

Douglas A. McIntyre |

Eurozone Manufacturing Drops

Any economic recovery analysts and politicians might have hoped for in the eurozone will be put off for some time.…

Trey Thoelcke |

German Manufacturing Dwindles in December

ThinkstockIn a sign that Germany is on the cusp of a recession that would harm the overall recovery of the…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820