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Economy

Eurozone PMI Weakest Since 2014

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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Eurozone PMI Weakest Since 2014

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Brexit will make matters worse among the economies of the old European Union. In the meantime, they are bad enough.

According to research firm Markit:

Markit Eurozone CompositePMI®
–final data Includes Markit Eurozone ServicesPMI®

Eurozone second quarter growth weakest since end of 2014

Final Eurozone Composite Output Index: 53.1 (Flash 52.8, May 53.1)

Final Eurozone Services Business Activity Index: 52.8 (Flash 52.4, May 53.3)

June saw the growth rate of eurozone economic output hold steady at a moderate pace. After rising slightly from  the earlier flash estimate of 52.8, the final Markit Eurozone PMI.

Composite  Output Index posted 53.1, unchanged from May. This left the average reading for the headline index for the second quarter a shade below that for the opening quarter (53.1 versus 53.2) and at its lowest level since the final quarter of 2014.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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