Eurozone business sentiment hits record low, new corona infection spread on March 25 at 6:35
Indices of business sentiment in the Eurozone, such as Germany and France, have fallen sharply this month to record lows below the Lehman Shock, and the spread of the new coronavirus has a serious impact on business management. The current situation has been highlighted.
This survey is published monthly by the UK-based research firm "IHS Markit", and it asks corporate purchasing managers about their views on the economy, and expresses 50 as a milestone for judging whether the economy is good or bad.
According to the latest figures, which reflect data collected from the 12th to the 23rd of this month, the Eurozone index was 31.4, sharply worsening from 51.6 last month.
Since 1998, when data were below the time of the Lehman shock, the service industry, including tourism and restaurants, has deteriorated at a record low since 1998.
By country, Germany was the largest economy in the euro area at 37.2, down from February 2009 immediately after the collapse of Lehman Brothers, and France was the lowest ever at 30.2.
At the same time, the UK index dropped to a record low of 37.1, well below last month's 53.
In Europe, even after the survey was conducted, governments have been restricting their travel restrictions, and more companies have stopped producing. However, the impact on economic activity has been further exacerbated.