Tag Archive for Declines

Dreadful start to Q2 for EZ private sector – Markit

Key points for April: ƒFinal Eurozone Composite Output Index: 46.7 (Flash 47.4, March 49.1) Final Eurozone Services Business Activity Index: 46.9 (Flash 47.9, March 49.2) ƒContractions seen in France, Italy and Spain, while Germany slips closer to stagnation At 46.7 in April, down from 49.1 in March, the Markit Eurozone PMI ® Composite Output Index signalled the fastest rate…

Lacker Becomes Second Fedhead to Say Rates Will Rise in 2013

Richmond Fed Prez Jeffrey Lacker became the second Fed district bank president to predict that the Fed would need to raise rates next year, ahead of the FOMC target of 2014.  Charles Plosser of the Philly Fed made a similar prediction yesterday.  The fact remains however that the Fed is way behind the curve in…