Home > Boards > US Listed > Computers - Hardware > Logitech International (LOGI)

Eurozone Private Sector Activity Gains Momentum

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
FUNMAN Member Profile
Member Level 
Followed By 90
Posts 22,393
Boards Moderated 12
Alias Born 08/03/10
160x600 placeholder
Current Report Filing (8-k) Edgar (US Regulatory) - 10/20/2020 6:06:01 AM
Logitech’s Q2 Sales Grow 75%, Operating Income Up Over 300% Business Wire - 10/19/2020 9:00:00 PM
In Collaboration with Blizzard Entertainment®, Blue Microphones Introduces Yeti X World of Warcraft® Edition with Voice Mod... Business Wire - 10/13/2020 3:01:00 AM
Logitech Announces Date for Release of Second Quarter Financial Results for FY 2021 Business Wire - 10/5/2020 5:00:00 PM
Ultimate Ears Reinvents Wireless Earphones with UE FITS; Earbuds Instantly Mold to Fit Each Ear Business Wire - 10/1/2020 9:00:00 AM
ASTRO Gaming Introduces the A03 In-Ear Monitor for Console and Mobile Gaming Business Wire - 10/1/2020 3:01:00 AM
ASTRO Gaming Introduces the Call of Duty®: Black Ops Cold War A10 Gaming Headset for PlayStation, PC, and Xbox Gaming Business Wire - 9/23/2020 3:01:00 AM
Ultimate Performance and Speed Anytime, Anywhere with Logitech’s Most Advanced Compact Mouse Business Wire - 9/21/2020 3:01:00 AM
Logitech G Unveils Two Audio Solutions for New Oculus Quest 2 Business Wire - 9/16/2020 3:00:00 PM
Introducing New Logitech Folio Touch — Extremely Versatile and Flexible Keyboard Case Available for the New iPad Air Business Wire - 9/15/2020 5:15:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 9/11/2020 4:23:40 PM
Logitech​ ​Shareholders​ ​Approve​ ​Proposals,​ ​Including​ ​Increased Dividend,​ at ​Annual​ ​Ge... Business Wire - 9/9/2020 4:15:00 PM
ASTRO Gaming Reveals Second Generation A20 Gaming Headset & USB Transmitter Designed for Xbox, Consoles, PlayStation & PC Gam... Business Wire - 9/1/2020 3:01:00 AM
Logitech G Lets You Play Your Way With a New Lineup of Vibrant Gaming Gear Business Wire - 8/25/2020 3:01:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/17/2020 4:23:13 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 8/5/2020 6:04:19 PM
Logitech G Delivers Ultra Realistic Racing With TRUEFORCE Racing Wheel for PlayStation®4, PlayStation®5* and PC Business Wire - 8/5/2020 3:01:00 AM
Logitech G Delivers Ultra Realistic Racing With TRUEFORCE Racing Wheel for PC and Xbox One Business Wire - 8/5/2020 3:01:00 AM
Join Any Meeting, In Any Room With Logitech Swytch Business Wire - 8/4/2020 8:26:00 AM
Additional Proxy Soliciting Materials (definitive) (defa14a) Edgar (US Regulatory) - 7/28/2020 4:43:50 PM
Proxy Statement (definitive) (def 14a) Edgar (US Regulatory) - 7/28/2020 4:23:22 PM
Logitech G Launches PRO X Wireless Gaming Headset Business Wire - 7/28/2020 3:01:00 AM
Logitech Files Quarterly Report on Form 10-Q Business Wire - 7/23/2020 5:54:00 PM
Quarterly Report (10-q) Edgar (US Regulatory) - 7/23/2020 4:21:29 PM
Herman Miller And Logitech G Enhance The Embody Chair To Meet Needs Of Pro Gamers And Streamers PR Newswire (US) - 7/22/2020 8:30:00 AM
FUNMAN Member Level  Thursday, 08/22/13 02:04:39 PM
Re: TomAndries post# 19
Post # of 74 
Eurozone Private Sector Activity Gains Momentum

This should be good for Logitech.

8/22/2013 7:05 AM ET

Eurozone's private sector business activity expanded at the sharpest pace in more than two years in August, driven by the robust performance in Germany, preliminary results of the purchasing managers' survey by Markit Economics revealed Thursday.

Although the survey suggests that the region will gain momentum going forward, the ongoing contraction in France is likely to weigh on the pace of recovery.

The headline Eurozone composite output index, a gauge of business activity in both manufacturing and services, rose more-than-expected to 51.7 in August from 50.5 in July. The improvement for the fifth successive month took the reading to a 26-month high.

Economists had forecast the index score to rise to 50.9. Index readings above 50 indicate expansion of the sector, while readings below 50 suggest contraction.

According to Markit Chief Economist Chris Williamson, the economic picture from the surveys is coming into line with policymakers' expectations of a modest yet still fragile return to growth.

However, Capital Economics Chief European economist Jonathan Loynes noted that, for now at least, growth remains a long way short of the rates required to start to address the region's debt crisis.

The manufacturing Purchasing Managers' Index rose to 51.3 in August from 50.3 in July. This was the highest reading in 26 months and was above the expected score of 50.7. The output index in manufacturing rose to 53.4, a 27-month high, from 52.3 in the previous month.

The services PMI climbed to a 24-month high of 51 from 49.8 in July. The consensus score was 50.2.

Both manufacturers and service providers reported higher output, with goods producers posting the larger increase. Output growth in manufacturing was the fastest since May 2011, while services showed the biggest rise since August the same year.

New business received by Eurozone's private sector firms increased marginally. While new orders received by manufacturers rose for the second straight month, and at the sharpest pace since May 2011, new business at service providers continued to decline.

Employment dropped for the twentieth successive month, with rates of job losses accelerating slightly in both manufacturing and services compared with July. However, the overall rate at which headcounts are falling has eased since earlier in the year.

Due to higher oil and fuel prices, input costs rose at the fastest rate since January. But output prices fell further as companies offered discounts to boost sales.

Underpinned by new business growth, the German private sector continued to expand, while the downturn in France worsened. At 7-month high, Germany's composite PMI was 53.4 in August versus 52.1 in July.

Meanwhile, the French private sector shrank at a faster pace driven by lower output in both the services and manufacturing sectors. The French composite output index dropped to 47.9 in August from July's 17-month high of 49.1.

by RTT Staff Writer

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences