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By Marlene Y. Satter, AdvisorOne |
May 23, 2013
The “bad boys” of the southern Eurozone, Greece, Spain and Italy, have gotten most of the attention when it comes to a possible Eurozone breakup, but the real threat may lie in an unexpected direction.
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By Marlene Y. Satter, AdvisorOne |
October 24, 2012
A purchasing managers’ index hit its lowest level since the region came out of its last recession more than three years ago.
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By Marlene Y. Satter, AdvisorOne |
October 1, 2012
A government official has said that the Greek draft budget frontloads cuts to return the country to a surplus in 2013, but at the cost of shrinking its economy for a sixth straight year.
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By Marlene Y. Satter, AdvisorOne |
October 1, 2012
Factories saw demand fall and countries saw unemployment rise from July through September as Markit Economics said the activity—or, rather, lack of it—indicated a “new recession.”
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By Marlene Y. Satter, AdvisorOne |
September 4, 2012
The manufacturing sector in the eurozone shrank more quickly than thought in August, even though factories had cut prices in an attempt to boost demand.
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By Marlene Y. Satter, AdvisorOne |
May 2, 2012
Unemployment across the euro zone reached its highest level in 15 years on Wednesday, according to data that show factories were cutting staff at the fastest pace in over 2 years.
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By Marlene Y. Satter, AdvisorOne |
April 2, 2012
As the euro zone slipped back into recession, employment numbers dropped along with manufacturing, and the ranks of the jobless rose to about 17.13 million.
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By Marlene Y. Satter, AdvisorOne |
March 22, 2012
The purchasing managers' index fell to 48.7 in March from 49.3 in February. Economists surveyed by Dow Jones Newswires had expected a rise to 49.6.
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By Marlene Y. Satter, AdvisorOne |
March 1, 2012
The purchasing managers' index for February continued on a downward slope, albeit not quite so steeply as Germany and the Netherlands reported gains and France stabilized.
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By Marlene Y. Satter, AdvisorOne |
November 2, 2011
The eurozone appears to be heading more precipitately for a recession, according to the latest data from the final Markit Eurozone Manufacturing Purchasing Managers Index for October. Levels were lower than expected, and the German unemployment picture was gloomy as well, rising for the first time in almost two years...