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Final Sept. euro-zone PMI confirms contraction...recession?

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posted on Oct, 5 2011 @ 03:41 AM
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www.marketwatch.com...


FRANKFURT (MarketWatch) -- A final September purchasing managers index reading released Wednesday confirmed a contraction in private-sector activity across the euro zone.


Well, I guess Goldman Sachs prediction of the Eurozone hitting recession this year was accurate, even though they only predicted it 2 days ago Goldman source Dont worry though, its just 'mild' at the moment.


Markit said its composite PMI for the 17-nation region came in at 49.1, down from 50.7 in August and broadly in line with a preliminary reading of 49.2. A reading of less than 50 indicates a contraction in activity, while a reading of more than 50 signals growth.


Didnt Greece say it may be bankrupt within just a few more weeks? (They already are bankrupt, but whatever they're doing I guess makes them bankrupt twice?
)




posted on Oct, 5 2011 @ 05:40 AM
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