Euro Zone Nearing Another Recession

Published on Friday, 24 Aug 12:51 pm

The euro zone economy continues to limp toward another recession as business activity stagnates, according to the Market Composite Purchasing Managers Index which was virtually unchanged from July at 46.6. Any reading below 50 signals contraction. Output declined in both the manufacturing and services sectors. And incoming business orders fell for the 13th month in a row.

Log in or register to post a comment

There are no comments yet.