EZ DataWatch: PMIs decidedly downbeat

Eurozone PMIs continued to slide for the sixth month in a row to its lowest reading since July 2009. With a preliminary release of 47.2, the survey marked it's second below-50 contractionary print in as many months. Both the Manufacturing and Services components registered declines with Markit commpenting that non-core (Germany & France) countries exerted disproportionate drag on the EZ-wide survey.

EZ Composite PMI