Experts say about the split in economy

In November 2013 economic performance of the eurozone once again went into decline. The decrease in private sector activity is observed in the region, as BBC News reports.

In November 2013 composite index of business activity in the industrial sector declined to 51.7. In October 2013 the figure was 51.9. The index exceeded analysts' expectations. Projected figure was not supposed to overcome the mark of 50. This result indicates the development of economy.

In Germany, the composite index of business activity reached a maximum value over the past 29 months. German companies use more labor in order to ensure that the new orders are ready. In Spain, a growth in the service sector is present. In this area there was a record number of new businesses since 2007.

However, the performance of other countries indicates a recession. Thus, in France the business activity index was 48. This is the minimum level for the last five months. The situation also got worse in Italy. Composite index is 48.8.

Analysts report that there is a split in the euro area economy. In some countries, the economic picture is improving, while other countries are experiencing significant difficulties.

The European statistical agency reported that in October 2013 retail sales in the region fell by 0.2%. In September 2013 this indicator had fallen to 0.6 %. According to Euro statistics, in the third quarter, economic growth in the euro area was only 0.1 %, compared with 0.3 % in the previous period.

Improving the economic performance of the euro zone dropped by 0.4 % compared with the same period in 2012.