Mediafax (Mediafax)
Markets  |  June 17, 2012 03:53:52

The company shall Markit data on manufacturing activity in the euro area and in the service in June


LONDON (MEDIAFAX) - Markit published on Thursday about activity in services and manufacturing in the euro area in June. Combined Purchasing Managers' Index (PMI) manufacturing sector and services sector eurozone fell in May to 45.9 points.

Combined Purchasing Managers' Index (PMI) manufacturing sector and the euro area services sector fell during May the lowest since June 2009, when he fell to 45.9 points from 46.7 points in April.

The main reason for this result was, according to Markit decline in new orders, which forces companies to reduce inventory and number of employees.

The activity of the manufacturing sector, which was the main engine during the crisis revival euro area in May fell to 35měsíční minimum 45 points from 45.9 points in April.

Purchasing Managers' Index in the services sector which is the dominant eurozone declined by slightly more moderate, at 46.5 points from 46.9 points in April.

Eurozone service sector accounts for roughly two-thirds of economic activity in the region. The value of the index in May was given further below the 50 point fault that separates the drop from the activities of the industry growth.

The economy of the eurozone in the first quarter of this year compared to the previous quarter was flat. In the last quarter of last year, gross domestic product (GDP) fell by 0.3 percent QoQ. In comparison to the first three months of the euro area economy stagnated. In the previous quarter, euro area economy grew by 0.7 percent.

The economy of the eurozone this year forecast to the Organization for Economic Cooperation and Development (OECD) will fall by 0.1 percent next year should then grow by 0.9 percent. Even in its November forecast, while the OECD predicted for this year to grow by 0.2 percent in 2013 to 1.4 percent.

Jan Soukup, soukupj@mediafax.cz

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