It seems that the eurozone economy is on course for its weakest quarter since early 2009, as business surveys showed companies battling shrinking order books in November.
The weak Eurozone PMI outturn for November is a major disappointment in light of the increases in the German and French PMI surveys, and suggest that that the recession on the Eurozone’s periphery is gathering further pace.
All in all, today’s PMI figures confirm that the Eurozone economy remains firmly stuck in recession. Looking ahead, we still think that ECB’s recent actions and the improvement in the global economy (as signaled by the further pickup in the Chinese PMI) will provide some respite to the Eurozone economy. But with the fiscal squeeze across the region continuing, any return to positive growth next year will likely be slow and gradual – and largely confined to the ‘core’ countries.
http://www.guardian.co.uk/business/2012/nov/22/eurozone-crisis-live-leaders-meet-eu-budget-summit
Geen opmerkingen:
Een reactie posten