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German flash manufacturing PMI contracts to 43.3 in July, a 37-month low, vs. 45.0 in June and...

German flash manufacturing PMI contracts to 43.3 in July, a 37-month low, vs. 45.0 in June and 45.1 expected. PMI services at 49.7 vs. 49.9 prior and 50.0 expected. "German business conditions are far less healthy" than in H1 and "an accelerated decline in new work means that the stage could well be set for a steeper drop in GDP than the 0.2% fall recorded at the end of 2011." (PR)
Comments (2)
  • Stan Muse_
    , contributor
    Comments (144) | Send Message
     
    Socialism only works when capitalism is working to perfection.
    24 Jul 2012, 08:15 AM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (3662) | Send Message
     
    43.3 is quite a sharp contraction, esp. for Germany which had been bucking the trend across the rest of the eurozone.
    24 Jul 2012, 10:07 AM Reply Like
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