Thu, 05 Jul 2012 09:21:39 GMT
Markit: Shrinking Eurozone's service industry
According
to surveys of Markit, services sector of the Eurozone continued
to diminish in June while business confidence dropped. The situation adds pressure on ECB to reduce Eurozone's borrowing costs. Moreover, in the
last six months the companies providing services cut their workforce due to
the lower demand and increased expenditures. In June the composite index of the
service and manufacturing industry of the Eurozone was