Economic Research: European Economic Outlook: Back In Recession - S&P Global Ratings’ Credit Research

Economic Research: European Economic Outlook: Back In Recession

Economic Research: European Economic Outlook: Back In Recession - S&P Global Ratings’ Credit Research
Economic Research: European Economic Outlook: Back In Recession
Published Dec 01, 2011
Published Dec 01, 2011
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About This Report

  
Abstract:

High frequency indicators in the past month continue to depict Europe's darkening economic landscape. The composite Purchasing Managers Index (PMI) for the eurozone, an indicator of manufacturing trends, fell to 47.2 points in October from 49.9 points a month earlier, the biggest drop since July 2009. At the same time, new orders in eurozone manufacturing fell for the third month in a row, while export orders lost ground for the fifth consecutive month. The contraction in activity has also spread to services, with the eurozone services PMI in October at its lowest since July 2009. In Standard&Poor's view, Europe's approaching recession first took hold in Spain, Portugal, and Greece, and the economic woes are now spilling over into

  
Report Type:

Commentary

Sector
Global Issuers, Public Finance, Structured Finance
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Economic Research: European Economic Outlook: Back In Recession" Dec 01, 2011. Alacra Store. Mar 29, 2020. <http://www.alacrastore.com/s-and-p-credit-research/Economic-Research-European-Economic-Outlook-Back-In-Recession-918378>
  
APA:
S&P Global Ratings’ Credit Research. (). Economic Research: European Economic Outlook: Back In Recession Dec 01, 2011. New York, NY: Alacra Store. Retrieved Mar 29, 2020 from <http://www.alacrastore.com/s-and-p-credit-research/Economic-Research-European-Economic-Outlook-Back-In-Recession-918378>
  
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