Euro Doom™

[DimPrawn]

https://www.markiteconomics.com/Publ...bb1b120b368e6f

The eurozone economy sufferedthe steepest fallsinbusiness activityand employment ever recorded duringAprilas a result of measures taken to contain the coronavirus outbreak, according to provisionalPMI®survey data.Theflash IHS Markit Eurozone Composite PMIplummeted to an all-time low of 13.5 in April, down from a prior record low of 29.7 in March, to indicate by far the largestmonthlycollapse in output recorded in over two decades of surveydata collection.By comparison, the lowest reading seenduringthe global financial crisis was 36.2, reached in February 2009.

[sasguru]

https://www.markiteconomics.com/Publ...bb1b120b368e6f

Lucky then that the Uk is booming. Oh wait .....

[jamesbrown]

UK PMIs also fubared. Services at 12.3 vs. 29 expected/WAGed. It’s gonna be a historic recession...

[DimPrawn]

UK PMIs also fubared. Services at 12.3 vs. 29 expected/WAGed. It’s gonna be a historic depression...

FTFY

[jds 1981]

Warchests at the ready...

[OwlHoot]

UK PMIs also fubared. Services at 12.3 vs. 29 expected/WAGed. It’s gonna be a historic recession...

Fubared I understand, but can someone translate:

* PMI

* Services at 12.3 vs. 29

* WAG

TIA

[jamesbrown]

Fubared I understand, but can someone translate:

* PMI

* Services at 12.3 vs. 29

* WAG

TIA

Wild-ass guess.

The other stuff, well...

[Paralytic]

Fubared I understand, but can someone translate:

* PMI

* Services at 12.3 vs. 29

* WAG

TIA

The final one means Thanks In Advance.

HTH

[ladymuck]

PMI is Purchasing Managers Index. Scale of 0 to 100. Under 50 = bad, Over 50 = good.

Purchasing Managers' Index (PMI) Definition

[DimPrawn]

Basically it's a survey looking forward, like in the coming quarter things will be booming or dooming.

It is usually a good leading indicator of GDP.

Based on this expect the World to end soon....