Many commentators have today written about how the rate of decline in the Eurozone has accelerated, with activity in manufacturing, services & output data all reaching 3 or 4 month lows. However, few are singling out France which is now in a steepening decline not seen since the peak of the 2009 crash. Its economic […]
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Tag Archives: pmi
Eurozone PMI vs GDP (Q3 2012)
November 22, 2012 
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The Markit “Purchase Managers Index” figures have proven to be very accurate indicators of how various major economies are performing, giving insight into whether we can expect expansion or contraction. The latest composite Eurozone figures are somewhat depressing, but may indicate that any recession the EZ may enter will be fairly shallow and *may* have […]
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Alistair Milne 
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