{"id":73521,"date":"2022-10-05T15:59:17","date_gmt":"2022-10-05T11:59:17","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=73521"},"modified":"2022-10-05T15:59:19","modified_gmt":"2022-10-05T11:59:19","slug":"eurozone-pmi-falls-to-20-month-low-as-recession-prospect-rises","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eurozone-pmi-falls-to-20-month-low-as-recession-prospect-rises\/10\/05\/market-updates\/","title":{"rendered":"Eurozone PMI falls to 20-month low as recession prospect rises"},"content":{"rendered":"\n<p>Eurozone business activity fell further than expected last month, increasing the likelihood of a recession in the 19-member common currency bloc.<\/p>\n\n\n\n<p>S&amp;P Global\u2019s final euro zone composite PMI (purchasing managers\u2019 index), seen as a reliable gauge of economic health, dropped to a 20-month low of 48.1 in September from 48.9 in August, short of a preliminary estimate of 48.2. Any reading below 50 indicates contraction.<\/p>\n\n\n\n<p>The pan-European Stoxx 600 was down 0.8% shortly before noon. Autos dropped 2.9% to lead losses as almost all sectors and major bourses slid into the red after September\u2019s eurozone PMI reading cemented fears of a recession across the 19-member currency bloc.<\/p>\n\n\n\n<p>The declines on Wednesday came after European markets rallied during the previous session, with the European blue chip index closing 3% higher. Travel and leisure stocks jumped 6.1% to lead gains as all sectors and major bourses closed in positive territory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurozone business activity fell further than expected last month, increasing the likelihood of a recession in the 19-member common currency bloc. S&amp;P Global\u2019s final euro zone composite PMI (purchasing managers\u2019 index), seen as a reliable gauge of economic health, dropped to a 20-month low of 48.1 in September from 48.9 in August, short of a &hellip;<\/p>\n","protected":false},"author":9,"featured_media":58857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[7211,6877,6928,6882],"class_list":["post-73521","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=73521"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73521\/revisions"}],"predecessor-version":[{"id":73522,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73521\/revisions\/73522"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/58857"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=73521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}