Menu Close

FT Alphaville » April started bad and got worse, final PMIs show

On Friday morning, the Markit Eurozone Composite Purchasing Manager Indices were out, signalling further weakness. The manufacturing indices, released on Wednesday, had already set the scene for further deterioration not only in the periphery, but also the core. Add the services sector, and the composite reading was 46.7, versus an earlier flash estimate of 47.4, and 49.1 for March. The final reading for services alone was a full point lower, at 46.9, than its flash estimate of 47.9.

One of the most concerning things was the acceleration in the deterioration within April itself, as shown by the deviation between the flash estimate and the final reading — something that really isn’t common.

via FT Alphaville » April started bad and got worse, final PMIs show.

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading