Eurozone PMI Comes In At 9-Month Low
Advertisement
Eurozone PMI fell to 52.3 in September, according to Markit. This is the lowest reading since December of last year.
Advertisement
In August, the number came in at 52.5.
According to the report: "Euro area business activity grew in September at the lowest rate seen so far this year, according to the preliminary 'flash' PMI survey data."
Although anything above 50 represents growth, Markit tweeted that the reading "signals further waning of eurozone growth in September."
In a research note, Jennifer McKeown at Capital Economics added "this survey does nothing to alter the picture of a struggling Eurozone economy."
Advertisement
Markit
Advertisement
- India's steel demand boom to continue, set to grow at 10% over next few years: Steel Secretary
- Google Wallet launched in India – store your loyalty cards, boarding passes and more
- AstraZeneca continues to face legal action even after withdrawing its COVID vaccine! Know all about it here
- Indian auto retail sector records 27% YoY growth in April: FADA
- Google has quietly launched the Pixel 8a in India starting at ₹52,999