'Unprecedented collapse' for eurozone businesses

MG News | March 24, 2020 at 03:50 PM GMT+05:00

0:00

Mar 24, 2020: Businesses in the eurozone suffered "an unprecedented collapse" this month because of the novel coronavirus pandemic, according to a closely watched indicator released Tuesday by IHS Markit.

Provisional data showed that the slump in activity in the 19-nation zone in March was "far exceeding that seen even at the height of the global financial crisis," with the company's PMI survey diving to 31.4 for the month.

A reading below 50 points indicates a contraction. In February, the index had stood at 51.6. The latest reading is the lowest since IHS Markit started its PMI survey in 1998.

AFP/APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	185,062.11 596.93M	1.45% 2653.87
ALLSHR	110,241.44 1,300.56M	1.17% 1270.51
KSE30	57,080.05 290.91M	1.66% 929.65
KMI30	260,701.15 256.48M	0.94% 2418.36
KMIALLSHR	70,664.60 691.62M	0.67% 473.37
BKTi	54,485.55 126.73M	3.66% 1921.34
OGTi	35,863.47 26.26M	-0.84% -302.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	93,045.00	94,190.00 92,800.00	250.00 0.27%
BRENT CRUDE	60.12	60.25 60.00	-0.58 -0.96%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.75 0.87%
ROTTERDAM COAL MONTHLY	99.50	99.50 98.00	1.65 1.69%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	56.44	57.09 55.76	-0.69 -1.21%
SUGAR #11 WORLD	14.76	14.83 14.62	0.03 0.20%