"The Eurozone economy is officially contracting according to the latest PMI report from Markit. The contraction is the first in 2 years and showed some worrying deterioration. Markit elaborates on the data:
at http://pragcap.com/the-eurozone-officially-contracts-for-first-time-in-2-years
“At 49.1, down from 50.7 in August, the final Eurozone PMI Composite Output Index for September signalled the first drop in private sector activity since July 2009. The final reading was broadly unchanged on the earlier flash estimate of 49.2. The average reading for the third quarter as a whole was just 50.3 – signalling a stagnation of activity – down from 55.6 in Q2 and 57.6 in Q1.”
at http://pragcap.com/the-eurozone-officially-contracts-for-first-time-in-2-years
