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Eurozone flash manufacturing PMI dips to 44.1 in July vs. 45.1 in June, touching a 37-month low....

Eurozone flash manufacturing PMI dips to 44.1 in July vs. 45.1 in June, touching a 37-month low. Services PMI at a four-month high of 47.6 vs. 47.1 in June. Employment fell for the seventh month in a row and at the fastest rate in 2.5 years. The downturn shows no signs of letting up and "is consistent with GDP falling at a quarterly rate of around 0.6%, which is similar to the rate of decline we expect to see for the second quarter." (PR)
Comments (3)
  • Michael Clark
    , contributor
    Comments (8378) | Send Message
     
    Suffocation from Debt Congestion.
    24 Jul 2012, 05:01 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9927) | Send Message
     
    No surprise that EZ continues to weaken.
    24 Jul 2012, 07:55 AM Reply Like
  • Banner17
    , contributor
    Comments (60) | Send Message
     
    Que global recession...
    24 Jul 2012, 09:38 AM Reply Like
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