Euro Production Plummets ....

[sasguru]

Global slowdown signs strengthen, debt crisis weighs | Reuters

[sasguru]

Interesting reading:

"Output in the euro zone's manufacturing sector, which drove a large part of the recovery in the bloc, shrank for the first time in two years, with the index falling to 49.5 from 52.5, its lowest since July 2009.

Factories also saw new orders falling for the second month running, with the index sliding to 47.6 from 49.8, its lowest reading since June 2009.

"We have orders in contractionary territory which tells you that the European economy is losing momentum at a time when the resolution to the crisis is going to be heavily dependent on a strong Germany," said Peter Dixon at Commerzbank.

An earlier release from Germany, Europe's largest economy, showed its composite PMI staging the biggest one month fall since late 2008, slumping to 52.2 from June's 56.3."


As I predicted

[alreadypacked]

Interesting reading:

As I predicted

Link ?

[TimberWolf]

No problem, Germany can just ask for a bailout too.

[shaunbhoy]

Interesting reading:

That'd be a first!!




Tell us about the Rain Gauges Eric!!!