Markets

The worst of Europe’s coronavirus recession appears to be over, according to a set of widely-watched business surveys

Some European economies are picking up from coronavirus-led recessions earlier in the year as they loosen lockdown restrictions and reopen businesses, a set of business surveys showed. IHS Markit’s Composite Purchasing Managers’ Index showed significant improvements in both manufacturing and service sectors in July for the UK, France, Germany, and […]
The worst of Europe’s coronavirus recession appears to be over, according to a set of widely-watched business surveys
Markets

Europe’s economy bounced back sharply in June, but is not quite on track for a ‘v-shaped’ recovery yet, according to a widely-watched business survey

Europe’s major economies continued to bounce back from their coronavirus driven slump in June, according to a widely-watched set of business surveys. IHS Markit’s Composite Purchasing Managers Index (PMI) posted better than expected readings for the Eurozone, the UK, France, and Germany. France even registered an expansion in activity. The […]
Europe’s economy bounced back sharply in June, but is not quite on track for a ‘v-shaped’ recovery yet, according to a widely-watched business survey
Markets

These 4 charts show the staggering scale of Europe’s ‘shocking’ economic disaster during the coronavirus pandemic

The eurozone’s private sector economy nosedived in April, with surveys from the region’s four largest powers shrinking to record lows far worse than those seen during the 2008 financial crisis. Reflecting the impact of ongoing restrictions to non-essential economic activities across the euro-region, both service and manufacturing activity levels contracted […]
These 4 charts show the staggering scale of Europe’s ‘shocking’ economic disaster during the coronavirus pandemic
Markets

‘A taste of things to come’: Italian services activity plunges to 11-year low as national lockdown weighs

Italy’s services activity contracted sharply in March, signalling the national lockdown is hammering the nation’s economy. IHS Markit’s Purchasing Managers’ Index (PMI) for the services sector shrank from 52.1 in February to just 17.4 in March, a record 34.7 point slide. The services downturn reflects emergency measures and shutdowns intended […]
‘A taste of things to come’: Italian services activity plunges to 11-year low as national lockdown weighs