Eurozone manufacturing PMI dipped to an initial 44.1 in July from 45.1 in June, touching a 37-month low, with contraction in Germany also accelerating. The downturn in the eurozone shows no signs of letting up and "is consistent with GDP falling at a quarterly rate of around 0.6%, which is similar to the rate of decline we expect to see for the second quarter."
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment