Eurozone Preliminary PMI's Remain Weak Overall

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Europe Update: Flash Manufacturing PMI Indices

The flash readings for June’s Flash Purchasing Managers Indexes (PMI) for Europe were updated today and the numbers continue to be weak overall (although both the Manufacturing and Services numbers did improve in France). In short, the data indicates that the European economy continues in a contraction mode.

Below are the details of Flash PMI readings:

June Preliminary Manufacturing PMI’s:

• Eurozone Manufacturing PMI: 44.8 vs. May 45.1
  
• Germany Manufacturing PMI: 44.7 vs. May 45.2
  
• France Manufacturing PMI: 45.3 vs. May 44.7

June Preliminary Service Sector PMI’s:

• Eurozone Services PMI: 46.8 vs. May 46.7
  
• Germany Services PMI: 50.3 vs. May 51.8
  
• France Services PMI: 47.3 vs. May 45.1

Recall that readings over 50 represent growth in the sector while readings under 50 suggest the manufacturing sector is contracting.

Other stories on Europe to review:

• Greece Has Formed a Government
  
• Eurozone ZEW Index Continues to Decline
  
• German ZEW Index Slides in June
  
• Greek Voters Support Euro and Bailout
  
• Spain Downgraded at Moody's
  
• Eurozone Industrial Production Declines
  
• Spanish Banks To Get 100 Billion Bailout
  
• ECB Leaves Rates Unchanged; Keeps Hope for Action Alive
  
• Germany's Industrial Production Falls
  
• Eurozone Services PMI Show Contraction Continues

 

  iShares EMU - Last 12 Months

 

  iShares France - Last 12 Months

 

  iShares Germany - Last 12 Months

 

 

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