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Markit eurozone manufacturing PMI 45.3 in August vs. 44 in July; manufacturing output 44.6 vs....

Markit eurozone manufacturing PMI 45.3 in August vs. 44 in July; manufacturing output 44.6 vs. 43.4; services 47.5 vs. 47.9; composite output 46.6 vs. 46.5. The data "reinforces the prevailing view" that the economy will drop back into recession in Q3 says Markit. "The July and August readings would historically be consistent with GDP falling by around 0.5%-0.6% quarter-on-quarter." (PR)
Comments (2)
  • User 353732
    , contributor
    Comments (4787) | Send Message
     
    The EU has been in a middle class depression for at least 3 years now .
    The prospect for the Euro_Periphery and now France is for a generation long decline in the material and civic quality of life for a majority of people.
    Northern Europe can escape this trajectory only if it regroups around a Northern European Union and the New Mark.
    23 Aug 2012, 05:24 AM Reply Like
  • Tack
    , contributor
    Comments (12761) | Send Message
     
    As an investor, all I know is that the numbers are better than last month.
    23 Aug 2012, 06:46 AM Reply Like
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