Tuesday, April 2, 2013

Eurozone PMI contraction deepens.

Eurozone manufacturing PMI dropped to a three-month low of 46.8 (flash 46.6) in March from 47.9 in February, as a fall in output and new orders gathered pace and brought further job losses. Eurozone countries either experienced sharper rates of decline or – in the cases of Germany and Ireland – slid back into contraction.