Jan 7, 2011
6:30:00 AM
| Last Updated
The release of the December PMIs point to stronger-than-expected regional performance in Q4 at around 0.5% q/q (2% SAAR and 2.2% y/y), mainly driven by reaccelerating manufacturing activity on the back of increased export orders. December services PMIs have stabilized or slowed due to local weather-related disruptions. The geographic breakdown of the indicators confirms the outperformance of core countries (Germany followed by France) in both manufacturing and services, whereas the December composite PMI signals a loss[...]
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