Eurozone Data Indicate ‘New Recession’: Markit
Factories saw demand fall and countries saw unemployment rise from July through September as Markit Economics said the activity—or, rather, lack of it—indicated a “new recession.”
Eurozone Unemployment Sets Record
Unemployment throughout the eurozone hit a record, statistics revealed, with the numbers for many individual nations following suit.
Retail Sales in Germany Rise
Germany, already the brightest economic spot in the euro zone, shone even brighter on Monday with the news that retail sales were up, fueled by more jobs and higher wages.
Recession Looms for Eurozone
The eurozone appears to be heading more precipitately for a recession, according to the latest data from the final Markit Eurozone Manufacturing Purchasing Managers Index for October. Levels were lower than expected, and the German unemployment picture was gloomy as well, rising for the first time in almost two years...