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Eurozone composite PMI edges up to 46.9 in April (flash 46.5) from 46.5 in March. Services 47...

Eurozone composite PMI edges up to 46.9 in April (flash 46.5) from 46.5 in March. Services 47 (flash 46.6) vs 46.4 in March. Germany fell back into contraction, while the eurozone PMI reading is "broadly consistent with GDP falling at a quarterly rate of 0.4-0.5%." As such, Markit is skeptical that the ECB's "mere 25 bps cut from an already low level will have a material impact on an economy that is contracting so sharply." (PR)
Comments (1)
  • How can the economy move forward if, all over Europe, employees are being treated as slaves? If the people has barely enough money to pay the bills, to whom are corporations expecting to sell their overpriced products?
    6 May 2013, 08:20 AM Reply Like
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