FOREX TradingCharts.com

Financial News: Eurozone Private Sector Expands Most In 7 Months

Eurozone Private Sector Expands Most In 7 Months

06/21/2019 - 04:29:00 (RTTNews)

(RTTNews) - The euro area private sector expanded at the fastest pace in seven months in June, as growth in the service sector offset the fall in manufacturing, flash survey data from IHS Markit showed Friday.

The composite output index rose to a 7-month high of 52.1 in June from 51.8 a month ago. Economists had forecast the score to rise marginally to 52.0.

The reading puts growth in the second quarter up slightly on that seen in the first quarter, yet still the second-lowest since the fourth quarter of 2014.

Chris Williamson, chief business economist at IHS Markit said the overall rate of expansion remains weak, with the survey data indicative of eurozone growth of just over 0.2 percent in the second quarter.

"Concerns about weaker economic growth at home and in export markets, rising geopolitical risks and trade wars continue to dominate the picture and dampen business spending, investment and sentiment," Williamson added.

Overall growth was driven by the service sector, which reported the sharpest rise in business activity since last November. On the other hand, manufacturing remained in contraction zone.

The services Purchasing Managers' Index climbed to 53.4 in June from 52.9 in the previous month. The score was also above the forecast of 53.0.

The manufacturing PMI came in at 47.8 in June versus 47.7 a month ago. The reading was expected to rise to 48.0.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Iceland Inflation At 4-Month Low (01 hr(s), 26 min(s), 03 sec(s) ago)
(RTTNews) - Iceland's consumer price inflation slowed to the lowest level in four months in Ju ...Full Story»

Hong Kong Inflation Accelerates In June (01 hr(s), 28 min(s), 03 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation rose in June after easing in the previous mon ...Full Story»

Taiwan Jobless Rate Rises In June (01 hr(s), 29 min(s), 03 sec(s) ago)
(RTTNews) - Taiwan jobless rate rose in June after slowing in the previous month, the Directorate ...Full Story»

UK Households Remain Upbeat About Future Finances (01 hr(s), 35 min(s), 03 sec(s) ago)
(RTTNews) - British households' expectations towards future finances remained positive in July ...Full Story»

Estonia Producer Price Inflation Slows In June (05 hr(s), 22 min(s), 03 sec(s) ago)
(RTTNews) - Estonia's producer price inflation slowed in June, data from Statistics Estonia sh ...Full Story»

Dutch Consumer Confidence Improves In July (05 hr(s), 26 min(s), 03 sec(s) ago)
(RTTNews) - Dutch consumer confidence improved in July, data from the Central Bureau of Statistics ...Full Story»

World Bank Says Afghanistan Growth To Improve Despite Headwinds (06 hr(s), 37 min(s), 03 sec(s) ago)
(RTTNews) - Afghanistan's economic growth is expected to improve this year with easing of drou ...Full Story»

CBI Urges Next UK PM To Act Fast To Get Economy Back On Track (07 hr(s), 14 min(s), 03 sec(s) ago)
(RTTNews) - The next UK Prime Minister should restore confidence and take action to bring the econ ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Iceland Inflation At 4-Month Low

07/22/2019 - 05:51 AM (RTTNews)
(RTTNews) - Iceland's consumer price inflation slowed to the lowest level in four months in Ju ...Full Story>>

Hong Kong Inflation Accelerates In June

07/22/2019 - 05:49 AM (RTTNews)
(RTTNews) - Hong Kong's consumer price inflation rose in June after easing in the previous mon ...Full Story>>

Taiwan Jobless Rate Rises In June

07/22/2019 - 05:48 AM (RTTNews)
(RTTNews) - Taiwan jobless rate rose in June after slowing in the previous month, the Directorate ...Full Story>>

UK Households Remain Upbeat About Future Finances

07/22/2019 - 05:42 AM (RTTNews)
(RTTNews) - British households' expectations towards future finances remained positive in July ...Full Story>>

Estonia Producer Price Inflation Slows In June

07/22/2019 - 01:55 AM (RTTNews)
(RTTNews) - Estonia's producer price inflation slowed in June, data from Statistics Estonia sh ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.