The Eurozone's economic engine sputtered in September, catching analysts off guard. The Purchasing Managers' Index (PMI) for the private sector nosedived to 48.9, well below the anticipated 50.6. This marks the first contraction in seven months, driven by a sharp decline in new orders and a ten-month low in business outlook.
France's dramatic fall from 53.1 to 47.4 shocked economists, while Germany continued its downward trend. With order backlogs shrinking and job cuts persisting, the Eurozone appears to be drifting towards stagnation.
As demand weakens, price pressures are easing, but the road ahead looks bumpy. The post-Olympic hangover in France has exposed underlying vulnerabilities, leaving experts questioning the region's economic resilience.
Weren't they all so optimistic just the last month? I've been telling, EU has been over. Very soon, everyone is going to hear another shock in the form of frexit.
After yesterday's election in Germany the Davosian crap really has reason to panic
Yes, the next will be gerxit.
The days of EU are over but I also believe in the overall stupidity of European leaders. They may come up with another EU like institution after it falls.
It will be the German Climate Union. The 'GCU'
Europe had recently funded Ukraine for $32 billion, how do they do it if the economy is not working very well.
Issuing more debt. They are openly talking about war bonds and using confiscated russian assets to leverage
Is everyone starting to tank?
How much money did france have to spend to get ready for the olympics?
They spent more than 1.2 bio euros
Ouch.
They could have installed a new river with that amount of money.
A crystal clear one.
Hilarious.
Who did they borrow money from?
I guess the ecb printedthem the bonds
Wait, how much money did they make from the olympics?
More than 1.2B?
bring out the govt bellows, fan the embers of campfire burned out and wet from rain...sorry for my Euro friends 😔