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Asia, Europe's manufacturing growth slows in November
(MENAFN) Data showed that manufacturing growth across Asia and Europe slowed in November as heavy price cutting failed to revive demand, The Peninsula Qatar reported.
Eurozone's annual inflation dipped to 0.3 percent in November, firmly in the ECB's deflation "danger zone", and as oil sank to its lowest in over five years with the industrial bellwether copper not far behind.
The slowdown in three biggest economies: Germany, France and Italy raised more concern for policymakers at the European Central Bank, who are already struggling to spur growth and drive up low inflation.
"The concern is the ongoing lack of any real growth in the eurozone. We are dealing with very low price pressures, and when that comes with weak growth it raises concerns," TD Securities head of global strategy said.
Eurozone's annual inflation dipped to 0.3 percent in November, firmly in the ECB's deflation "danger zone", and as oil sank to its lowest in over five years with the industrial bellwether copper not far behind.
The slowdown in three biggest economies: Germany, France and Italy raised more concern for policymakers at the European Central Bank, who are already struggling to spur growth and drive up low inflation.
"The concern is the ongoing lack of any real growth in the eurozone. We are dealing with very low price pressures, and when that comes with weak growth it raises concerns," TD Securities head of global strategy said.
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