Tag Archive for Deterioration

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,…

Latest PMI data suggest accelerated deterioration of Italian Economy

Latest #PMI data suggest accelerated deterioration of Italian economy at start of Q2… April sees sharpest contraction in services activity since June 2009 Key points: ƒ Output levels drop on accelerated decline in new business ƒ Job shedding strongest since July 2009 ƒ Confidence falls to lowest in 2012 so far Summary: The Italian service sector…

Economists Surprised Again By Unemployment Claims, Should Not Have Been

The mainstream media proclaimed an unexpected “beat” of the first time unemployment claims number today. The fake, seasonally fudged number dropped to 358,000 in the week ended February 4. According to Bloomberg, the consensus of economists’ expectations was for 370,000. Aside from the fact that whether economists get a forecast right or not seems to…