fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Euroland PMI composite was revised slightly lower in Dec  Mon Jan 07, 2013 10:21 am | |
| Euroland PMI composite was revised slightly lower in Dec from 47.3 to 47.2, mainly due to a lower reading for the French services sector. On a quarterly basis the composite has averaged around 46.3 in Q2, Q3 and Q4, consistent with ongoing mild recession, though Q4’s decline may be steeper than Q3. Separately the Euroland CPI flash estimate came in at 2.2% yr in Dec, unchanged from Nov, and the equal lowest since 2010, and German retail sales volumes rose 1.2% in Nov after falling 1.3% in Oct. Heavy revisions saw the annual pace of decline of German retail resume at –0.9% yr after a temporary growth blip in Oct.  | |
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