Eurozone's PMI drops to 46.5 points in March

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Source: Reuters
Economic downturn in the 17-nation bloc has deepened in the month of March- even before unsuccessful bailout plan for Cyprus- as private sector economic activity declined, the Markit Economics reported on Thursday. The report showed that the Flash Eurozone Composite Purchasing Managers' Index dropped from February's 47.9 points to 46.5 recorded in March.

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Thu, 21 Mar 2013 18:40:13 GMT

U.K. equities down for a fifth day

U.K. equities dropped for a fifth consecutive day for a longest streak of losses in 10 months as manufacturing in the Eurozone shrank, indicating that U.K.'s largest trading partner faces difficulties to rebound from economic recession. The FTSE 100 Index retreated 0.6%, or 55.79 points, to 6,392.90 at 16:53 in London. All but two sectors posted losses. Eurasian Natural Resources

Thu, 21 Mar 2013 16:43:05 GMT

German growth of private sector slows down in March

German private sector output increased at the slowest rate so far in 2013 after it reached a 19-month high in January, when the weaker performance was caused mainly by slower expansion of service sector and contraction of manufacturing sector. The Markit Flash Germany Composite Output Index dropped from 53.3 in February to 51.0 points recorded in March.

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