21 introduced a euro-zone indicators show that, under pressure of the debt crisis and austerity, the euro area economic activity remains in the doldrums. Euro crashed decline.
Preliminary statistics show that from the Markit Economics, covering manufacturing and service industries, the euro-zone purchasing managers' index (PMI) in June at 46, unchanged from the previous month. Compared to the previous market expectations 45.5 slightly higher, but still the euro area PMI fifth consecutive month, an economic contraction signal.
Just look at manufacturing in the euro zone manufacturing PMI for June fell to 44.8, lower than 45.1 in May. June the euro zone PMI and manufacturing PMI both hit a three-year low since June 2009.
Markit chief economist Chris's view, the latest PMI data showed that euro area economic activity has dropped to the lowest point over the years.
Atrophy after the first quarter of this year into the European economy in recent months, the continued deterioration of the worsening financial crisis has dealt a blow to consumer and business confidence.
Economists pointed out that, despite the new government was established in Greece, the country is still facing severe challenges of deficit reduction, while the euro area as a whole is also facing greater pressure to cut spending.
In some euro area economies, the latest PMI index also issued a weak signal.
Similarly, data from Markit, the Eurozone's largest economy, Germany, June PMI hit a three-year low. PMI reported in Germany in June 48.5, manufacturing PMI fell to 44.7, hit the lowest point since June 2009.
Weak PMI data, after the release of the euro against the dollar to accelerate the decline, a drop of more than 0.4%, fell to 1.2643 near.
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