Markit eurozone manufacturing pmi

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The economic situation in Europe worsens: France's performance is catastrophic and Greece's whist improvin,g remains in negative territory. Europe has not addressed the roots of its failure and will continue to be under market's pressure.

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Markit eurozone manufacturing pmi

  1. 1. http://marketsandbeyond.blogspot.com/ http://www.pcgwm.com/ Stop Press: Markit Eurozone Manufacturing PMI – It’s really badI usually do not post this kind of economic data, since there are so many published everyweek. I am doing so since the numbers are striking, France in particular is a real disaster.As I indicated many time, forget about Portugal, Spain (well not really, do not forgetSpain!) and Italy, France is the sick man.Greece: 3 month high but still in contraction territory @ 41.3France: 33 month low (yes, you read it right!) @ 46.7 (I heard on the French radio that the2 French auto-manufacturers – Renault and Peugeot – had sales 30% down in February;the French auto industry, Peugeot in particular, is entering the danger zone for itssurvival).The roots of the problem have not been addressed, and politicians are still in denialterritory: the construction of Europe for the past 20 years is a failure due to a dogmaticapproach.Source:Markit: Markit Eurozone Manufacturing PMI® – final datahttp://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=9330 1

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