Thursday, June 6, 2013

EU Depression Marches Onward

The unemployment rate continues to move higher.

Manufacturing numbers continue to print in negative numbers, although the trend is lessening
  • Final Eurozone Manufacturing PMI at 48.3 in May (flash: 47.8)
  • Downturns ease in all nations covered
  • Price deflationary pressures remain, as input costs and output prices fall further
Here's a chart of the data:

Everybody's still below 50.