The Finance Insider blog

Search This Blog

Blog Archive

The Finance Insider

Tuesday, April 23, 2013

Contraction in German factory activity deepens.

 Flash German manufacturing PMI unexpectedly fell to 47.9 in April from 49 in March, while the services print dropped to 49.2 vs 50.9. "The latest figures suggest any rebound in GDP" in Q1 "could be rather short-lived," says Markit. Still, French PMI data improved while eurozone-wide readings were mixed, with the overall picture still grim.

No comments:

Post a Comment