Eurozone factory activity shrank in November but worst may be over -PMI

London: Eurozone manufacturing activity contracted for a 10th straight month in November although the bloc’s battered factories may have turned a corner as forward-looking indicators in Monday’s survey appear to have passed a nadir. IHS Markit’s final manufacturing Purchasing Managers’ Index (PMI) has been below the 50 mark separating growth from contraction since February, but […]

Turkish economy loses momentum as politics dent recovery

Ankara: Turkey’s economy lost some of its momentum in the third quarter as political uncertainty and heightened fear of US sanctions hurt a nascent recovery. Gross domestic product expanded a seasonally adjusted 0.4 per cent from the previous three months, down from an expansion of 1 per cent during the April-to-June period, Turkstat said Monday. […]