Description

Western European countries are experiencing a slowdown in economic growth, but the trend is uneven across the region. Purchasing Manager’s Index gave a reading of 52.1 in October 2014 (a reading above 50 signifies an expansion in output). Although major economies such as Spain and Germany reported an increase in new business opportunities, others such as Italy and France experienced contraction. Low industrial productions coupled with dangerously low levels of inflation are added areas of concern.