WSAW - My Capture
Sep 23, 5:12 AM EDT

Economic growth across the 19-country eurozone has fallen to a 20-month low as the German economy faltered, a closely watched survey showed Friday

A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
A new survey shows that optimism in the financial services sector fell for the third consecutive quarter _ the longest period of plummeting sentiment since the 2009, the bottom of the financial crisis

Economic growth across the 19-country eurozone has fallen to a 20-month low as the German economy faltered, a closely watched survey showed Friday

Turkey's central bank cut a key interest rate for the seventh month in a row on Thursday as it tries to shore up an economy that has been shaken this year by a series of bombings and an attempted coup

Egypt has lifted a ban on even trace amounts of fungus in its wheat imports, after sellers enraged by Cairo's demands boycotted tenders, threatening the supply of the world's largest importer of the grain

Bank of Japan sets higher inflation goal to revive economy

Life has become exceedingly hard in Suriname, where the economy has been in freefall amid the collapse of global commodity prices and the slide of the local currency relative to the U.S. dollar

WHY IT MATTERS: Wall Street matters whether you invest or not _ just look at the crisis of 2008

An Egyptian Cabinet minister says the government is negotiating a $4 billion loan with China

Five years after the Occupy Wall Street began and then seemingly fizzled, demonstrators are gathering once again in New York City's Zuccotti Park to mark the movement and what they say has been its lasting impact

About a dozen people have gathered in Zuccotti Park, the one-time encampment of the Occupy Wall Street grassroots movement known for its refrain "We are the 99 percent."

Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

LONDON (AP) -- Economic growth across the 19-country eurozone has fallen to a 20-month low as the German economy, in particular, loses momentum, a closely watched survey showed Friday.

Financial information company IHS Markit said its purchasing managers' index - a broad gauge of economic activity - across the single currency bloc fell in September to 52.6 points from 52.9 the previous month. Anything above 50 indicates expansion.

Though the firm did not single out any one factor for the slowdown, such as unease over Britain's vote to leave the European Union, a more detailed look shows the services sector has had a particularly disappointing month while manufacturing expanded at its fastest pace since December.

There was a similar discrepancy among the region's top two economies -while growth in German business activity eased to a 16-month due to a slowdown in services, France's output rose at its fastest pace since June 2015. In fact, France outperformed Germany for the first time in more than four years.

And the overall rate of expansion outside of the 'big-two' moderated to a 21-month low.

The authors of the report said the underlying picture in the eurozone is one of "sluggish" growth of around 0.3 percent over the quarter as a whole.

"It also remains clear that the economic upturn is still fragile and failing to achieve any real traction," said Rob Dobson, senior economist at IHS Markit.

The survey is likely to ratchet up expectations that the European Central Bank will enact further stimulus measures in the months to come in an attempt to shore up growth and get annual inflation back toward the target of just below 2 percent. In the year to August, inflation stood at just 0.2 percent.

"We expect it to announce an extension of its asset purchase programme in December, if not before," said Stephen Brown, European Economist at Capital Economics. That program involves buying bonds in order to lower market interest rates and make borrowing cheaper. It is currently due to end in March.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

WSAW-TV 1114 Grand Ave. Wausau, WI 54403
Gray Television, Inc. - Copyright © 2002-2013 - Designed by Gray Digital Media - Powered by Clickability
User Agent: Mozilla/5.0 (Windows NT 6.2; WOW64; rv:21.0) Gecko/20100101 Firefox/21.0