Here is a Great Graphic spotted by the Also Sprach Analyst blog, from Bloomberg. It shows how well the euro zone PMIs track GDP. It also captures the sharp erosion of Germany.
The austerity regime that dominates can only undermine growth prospects. Moreover, more austerity is required next year and not just to replace some one-off measures.
The austerity regime that dominates can only undermine growth prospects. Moreover, more austerity is required next year and not just to replace some one-off measures.
Great Graphic: Euro Zone Mfg PMI and GDP
Reviewed by Marc Chandler
on
August 02, 2012
Rating:
Reviewed by Marc Chandler
on
August 02, 2012
Rating:
