Trade Resources Economy Eurozone Manufacturing PMI Was Nearly Flat at 50.1 in November

Eurozone Manufacturing PMI Was Nearly Flat at 50.1 in November

According to data released by the three largest economy contraction yesterday,encumbered by the weak manufacturing in Germany, France and Italy, the eurozone manufacturing purchasing managers' index (PMI) November final value fell to 50.1, only a little more than 50 vicissitudes line which is the lowest one since June 2013.

Although the prices were slashed, but new orders fell to the lowest within 19 months, the biggest prospects show that it will be stagnant over the next few months.

Germany's foreign minister said is not yet ripe for Ukraine to join NATO .The British central bank mortgage loan approval in October fell more than a year to low, the housing market accelerateed the cooling.Italian shrank by 0.1% in the third quarter and will shrink by 0.3% this year.

Markit Chief economist Chris Williamson said:"this situation of the Eurozone manufacturing is worse than previously expected, it seems to deteriorate from the core and spread to the Euro zone as a whole."

Source:
Contribute Copyright Policy