Euro Zone PMI hit three-year low of 45.9 in April

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Source: Forexfactory
Final reading of the Euro Zone's PMI indicated that Markit Euro zone Manufacturing PMI contracted to 45.9 on a seasonally adjusted basis in April as compared to March figure of 47.7. The earlier flash PMI estimate indicated a decline to 46.0. Manufacturing weakness has spread to the strongest Euro zone's economies as German manufacturing activity fell to 33-month low while Netherlands' and French manufacturing also contracted at faster pace.


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