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Euro Doom™

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    Euro Doom™

    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.

    #2
    Lucky then that the Uk is booming. Oh wait .....
    Hard Brexit now!
    #prayfornodeal

    Comment


      #3
      UK PMIs also fubared. Services at 12.3 vs. 29 expected/WAGed. It’s gonna be a historic recession...

      Comment


        #4
        Originally posted by jamesbrown View Post
        UK PMIs also fubared. Services at 12.3 vs. 29 expected/WAGed. It’s gonna be a historic depression...
        FTFY

        Comment


          #5
          Warchests at the ready...

          Comment


            #6
            Originally posted by jamesbrown View Post

            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

            Work in the public sector? Read the IR35 FAQ here

            Comment


              #7
              Originally posted by OwlHoot View Post
              Fubared I understand, but can someone translate:

              * PMI

              * Services at 12.3 vs. 29

              * WAG

              TIA

              Wild-ass guess.

              The other stuff, well...

              Comment


                #8
                Originally posted by OwlHoot View Post
                Fubared I understand, but can someone translate:

                * PMI

                * Services at 12.3 vs. 29

                * WAG

                TIA
                The final one means Thanks In Advance.

                HTH

                Comment


                  #9
                  PMI is Purchasing Managers Index. Scale of 0 to 100. Under 50 = bad, Over 50 = good.

                  Purchasing Managers' Index (PMI) Definition

                  Comment


                    #10
                    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....

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