Recession Dead Ahead: European PMI hits 7-Year Low In September

By David Stockman

Europe’s economy looks increasingly likely it is headed towards a recession, as data released on Tuesday shows that manufacturing is at its lowest level since the last financial crisis in the eurozone.¬†According to IHS Markit, manufacturing is at its lowest level since October 2012, and it looks like it will continue to spiral downward for the rest of 2019.

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households and the service sector,” he said.

eurozone pmi

 

 

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