Monday, April 2, 2012

PMI RELEASES

Here are the data releases:

Italy - 47.9 (6 month high)
France - 46.7 (33 month low)
Germany - 48.4 (3 month low)
Eurozone - 47.7 (3 month low)

Some are of the opinion that the Eurozone has fallen into a recession.

However the UK (52.1 a 8 month high) and Ireland (51.5 a 10 month high) performed well leading to the pound hitting its highest level for 2012.



http://www.guardian.co.uk/business/2012/apr/02/eurozone-crisis-world-economy-firewall

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