European service PMI's confirm poor manufacturing contagion

Author: Giles Coghlan | Category: News

Manufacturing woes feed into services

Manufacturing woes feed into services
This is what the latest slew of service PMI's tell us - The drag on manufacturing has now moved over into the service sector:


So, all eyes onto the ECB for more action and the anticipation for fiscal policy increases. Sensing a new dawn of fiscal policy to take up the mantle of where monetary policy has failed. 

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