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George Liu
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I am the Chief Financial/Economics Columnist of The Daily Political Review, a Monitored Contributor for FOREXPROS, a Seeking Alpha Certified Contributor, as well as a paid blogger for The Motley Fool Blog Network. I also currently serve on the Board of Directors for Ureka Co. Currently, I am... More
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  • In Other News About The Eurozone... 0 comments
    Mar 21, 2013 12:36 PM | about stocks: EWG, BUND, EWQ, FGM, FXE, EUO, EUFX, ULE, GEUR

    Yes. The other parts of the Eurozone still exist. It's not just Cyprus. Flash PMI figures came out today for parts of the eurozone and...well...they aren't Cyprus-horrible. But they're still pretty bad. A reading of anything above 50 indicates an expansion in economic activity; a reading of anything less than 50 indicates a decline in economic activity.

    Overall the flash Eurozone manufacturing PMI unexpectedly dropped to 46.6 in March from 47.9 in February; manufacturing output 46.5 vs 47.8; services 46.5 vs 47.9; composite output 46.5 vs 47.9.

    Germany's flash manufacturing PMI drops to 48.9 from 50.3; manufacturing output 49.8 vs 50.7; services 51.6 vs 54.7, composite output 51 vs 53.3.

    France's flash manufacturing PMI remained unchanged at 43.9; manufacturing output rises to 42.8 from 41.8 in February; services drops to 49-month low of 41.9 from 43.7; composite output drops to four-year low of 42.1 from 43.1.

    These are flash PMIs, which are only estimates of the actual PMI figures (which have not come out yet), but don't expect the actual PMI figures to deviate too much.

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