September eurozone manufacturing PMI came in at 53.6, well below the 54.8 forecast and August's...

|By:, SA News Editor

September eurozone manufacturing PMI came in at 53.6, well below the 54.8 forecast and August's 55.1; Germany's number was 55.3 vs. August's 58.2. The data suggests that Europe's economy is slowing down even more rapidly than had been forecast. The news, combined with Ireland's negative GDP, sends European stock markets lower. FTSE -0.87%, DAX -0.88%, CAC -1.21%. Euro -0.5% vs. dollar.