Despite the slight progress of the United Kingdom and Japan, the rest of the past powerhouse markets of the European zone failed to show any sign of growth.
According to an index based on a poll answered by puchasing managers in the Euro zone, the 17 countries in the block rose to 49.1 this month. Last month, the Euro zone's standing was at 48.7. Even if the figures rose, analysts said, the region still had a failing mark. The watershed level is 50.
The bloc comprised 20% of the entire world's economy. However, it has been decreasing for two years, and analysts foresee that nothing will change in the near future.
Moody's Analytics director for European ecnomics Petr Zemcik said that the total output for this year might drop further by half a percent.
On the other side of the globe, analysts eye Japan's year-on-year rise brought about by consumer prices. Economists predict a rise of 0.3 percent in the Japanese market. Although small, the increase is significant in a market which barely made any progress in five years, analysts said.
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