Eurozone PMI slips more than expected in August


The Markit Eurozone Manufacturing PMI fell to 50.7 in August vs. 51.8 in July and against a preliminary estimate of 50.8. Looking at some individual countries, the PMI slipped to 51.4 from 52 in Germany - the lowest level in about a year; Spain continues growth at 52.8 (down from 53.9); Italy falls into contraction, at 49.8 from 51.9 in August.

"The slowdown in industry is likely to add further fuel to the fire for analysts expecting additional monetary or fiscal stimulus to be implemented," says Markit's Rob Dobson.

The euro is flat on the session at $1.31.

ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR

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Comments (6)
  • John Georgiou
    , contributor
    Comments (234) | Send Message
     
    EU's economy is close where US economy was in 2010.
    Wery weak , all wondering for a second dip.
    more to http://bit.ly/1qw21kx
    1 Sep 2014, 11:18 AM Reply Like
  • Brian Sanders
    , contributor
    Comments (1351) | Send Message
     
    I wonder why the Nikkei is up over 200 pts right now...djia futures up 23
    1 Sep 2014, 10:38 PM Reply Like
  • awakeinwa
    , contributor
    Comments (657) | Send Message
     
    up cuz abenomics fiscal and monetary dual action stimulus working, sales tax hike effects not as bad as anticipated.
    2 Sep 2014, 02:23 AM Reply Like
  • awakeinwa
    , contributor
    Comments (657) | Send Message
     
    austerity is bloodletting voodoo economics propped up as economic medicine. unaccountable factless dogma does suck
    2 Sep 2014, 02:26 AM Reply Like
  • GoGowadof100s
    , contributor
    Comments (128) | Send Message
     
    If only the central banks can increase the debt
    2 Sep 2014, 01:58 AM Reply Like
  • awakeinwa
    , contributor
    Comments (657) | Send Message
     
    as % of GDP, USA debt is just fine.
    it's like telling a household to stop car loans, mortgages, and credit cards that are less than half of income and a quarter of wealth.
    it's all relative. life's not absolute. neither's macro or monetary economics
    2 Sep 2014, 02:25 AM Reply Like
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