U.K. factory growth
slowed more than forecast last month and Italian manufacturing shrank
as Europe suffered the fallout from weakening demand and mounting
geopolitical risks.
Markit Economics said its euro-area gauge fell more than initially estimated last month, with the index for Italy unexpectedly dropping below 50, indicating the first contraction in 14 months. In the U.K., manufacturing grew the least in more than a year, with spillovers from the weak euro region among the factors cited. There was also a slowdown in China’s factories last month, a separate report showed.
Sentiment across Europe has been hit by the conflict between Ukraine and Russia, undermining spending and company investment and keeping central banks on alert about risks to their economies. European Central Bank President Mario Draghi has signaled that the euro-area economy may need more stimulus to avoid a deflationary spiral and Bank of England Governor Mark Carney has said intensifying geopolitical threats add to the case for keeping record-low interest rates.
http://www.bloomberg.com/news/2014-09-01/u-k-factory-index-drops-to-14-month-low-on-global-risks.html
Markit Economics said its euro-area gauge fell more than initially estimated last month, with the index for Italy unexpectedly dropping below 50, indicating the first contraction in 14 months. In the U.K., manufacturing grew the least in more than a year, with spillovers from the weak euro region among the factors cited. There was also a slowdown in China’s factories last month, a separate report showed.
Sentiment across Europe has been hit by the conflict between Ukraine and Russia, undermining spending and company investment and keeping central banks on alert about risks to their economies. European Central Bank President Mario Draghi has signaled that the euro-area economy may need more stimulus to avoid a deflationary spiral and Bank of England Governor Mark Carney has said intensifying geopolitical threats add to the case for keeping record-low interest rates.
http://www.bloomberg.com/news/2014-09-01/u-k-factory-index-drops-to-14-month-low-on-global-risks.html
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