Euro zone PMI down

Note: This section contains information in English only.
Source: Marketwatch
The purchasing managers index across the single currency area shrank in May at the fastest rate since mid-2009. The composite purchasing managers index lost 0.8 points and now stands at 45.9. The manufacturing PMI decreased to 45.0, down from 46.1 last month, while the services PMI dropped to 46.5 from 46.9. An indicator below 50 indicates activity shrinkage. Chris Williamson of Markit argues that these numbers are consistent with the expected GDP contraction by 0.5%.
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Thu, 24 May 2012 13:27:48 GMT

UK's economy shrunk more than initially estimated

Bank of England revised UK's GDP growth in the first three months of 2012 to -0.3% instead of initially estimated -0.2%. Adjustment was made due to revised results in UK's building sector. Initially estimated 3% decline turned out to be 4.8% decrease in construction sector. In comparison to the same period last year UK's economy shrank 0.1%. This is the

Thu, 24 May 2012 11:02:48 GMT

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