I usually do not post this kind of economic data, since
there are so many published every week. I am doing so since the numbers are
striking, France
in particular is a real disaster. As I indicated many time, forget about Portugal, Spain
(well not really, do not forget Spain!)
and Italy, France is the
sick man.
Greece:
3 month high but still in contraction territory @ 41.3
France:
33 month low (yes, you read it right!) @ 46.7 (I heard on the French radio that
the 2 French auto-manufacturers – Renault and Peugeot – had sales 30% down in March; the French auto industry, Peugeot in particular, is entering the
danger zone for its survival).
The roots of the problem have not been addressed, and
politicians are still in denial territory: the construction of Europe for the past 20 years is a failure due to a dogmatic
approach.
Source:
Markit: Markit
Eurozone Manufacturing PMI® – final data
http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=9330
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