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| 07 Oct 2012 05:53 PM |
LONDON - The euro zone's economic woes accelerated last month and China's slowdown looked likely to extend to a seventh quarter, surveys on Wednesday showed, while the United States proved the bright spot with better-than-expected news on services and jobs. Purchasing managers indexes (PMIs) suggested the aggressive actions taken by the world's central banks over the last two months have yet to convince consumers to start spending again. The chances of the euro zone in particularly seeing growth again before next year has dwindled. Falling new orders and more layoffs marked a worsening decline for euro zone companies, the PMIs showed, while growth of China's normally robust services weakened to an almost two-year low last month. Advertise | AdChoices
Jobs data from the United States were cheerier in tone, however. A private sector employment report showed companies added far more staff than expected last month, although it revised down the number hired in August |
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TRRman
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| Joined: 02 Jun 2012 |
| Total Posts: 7 |
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jbg23
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| Joined: 21 Feb 2011 |
| Total Posts: 2163 |
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TRRman
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| Joined: 02 Jun 2012 |
| Total Posts: 7 |
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| 07 Oct 2012 08:08 PM |
| Thats what the economy tends to do. If it goes in a slump in one area, it spreads slowly and then goes back up. |
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Twigs180
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| Joined: 10 Mar 2008 |
| Total Posts: 18664 |
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| 07 Oct 2012 08:57 PM |
| >mfw WWC was talking about this for 3 years |
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| 07 Oct 2012 09:28 PM |
| dont worry, th3m ch1n3s3 f1nd w4ys to do stuff |
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infinete
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| Joined: 10 Mar 2010 |
| Total Posts: 1743 |
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| 07 Oct 2012 09:29 PM |
But d4t 1$nt 4 g00d th1n9 dx
"Stay in drugs, eat your school, and don't do vegetables." |
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