Læs hele gennemgangen af endelige PMI data for Euroland fra Markit her:
“The final eurozone PMI came in even weaker than the earlier flash estimate, signalling the weakest pace of expansion since July of last year. The survey data suggest the region is on course to see a mere 0.1% GDP growth in the final quarter of the year, with a strong likelihood of the near-stagnation turning to renewed contraction in the New Year unless demand shows signs of reviving. “There are worrying signs of economic performance deteriorating in the core countries which, if sustained, could drive the region back into recession. France remains the biggest concern, suffering an ongoing decline in business activity, but growth has also slowed to the weakest for oneand-a-half years in Germany.
“Italy was the only country to see an improved rate of growth, raising hopes that it may pull out of recession in the fourth quarter, though the rate of expansion remained disappointingly modest and prone to further setbacks. “Further growth was reported in Spain, which enjoyed the strongest pace of expansion of the four largest euro members, but even here the upturn lost momentum to cast a further shadow on the outlook.
“The survey results indicate that policy initiatives currently announced have yet to have a meaningful impact on business or consumer confidence in the region, and that more aggressive measures are likely to be needed, and quickly implemented, if another recession is to be averted.”
