In The Last 24 Hours, We Learned A Lot About The Health Of The Economy

EKG.png

Over the last 24 hours, all eyes have been on the releases of the world's purchasing manager's index (PMI) reports, and Business Insider has been covering them live.

A reading above 50 signals expansion in the industry.

The basic lesson we learned was this: The Eurozone remains in a world of trouble. Peripheral PMI readings were weak, and core countries are dropping below 50. Basically the only bright post was Ireland and Austria. France and the Netherlands were particularly bad.

What follows is a compete round-up of all of the major PMI reports that have been released in the last 48 hours.

Netherlands Manufacturing PMI Drops To 49.0

With manufacturing sector operating conditions deteriorating marginally, a further decline in new orders led to falls in output and employment, with manufactures reporting that the economic climate remained difficult.

Source: Markit

Ireland Manufacturing PMI Drops to 50.1

Ireland Manufacturing PMI sat at 51.5 this past month, and the 50.1 mark means that conditions were relatively unchanged in April. The recovery pace of the manufacturing sector slowed, while new orders continued to increase and hiring became more rapid.

Source: Markit

Australia Manufacturing PMI Drops to 43.9

A decrease in manufacturing activity was a large reason for contractions in basic metals and other manufacturing items. Softer demand, a stronger Australian dollar, and a potential carbon tax made survey respondents cautious about Australia's outlook.

Source: Markit

See the rest of the story at Business Insider

Please follow Money Game on Twitter and Facebook.

Source: http://feedproxy.google.com/~r/businessinsider/~3/ahz870o-Cm0/in-the-last-24-hours-we-learned-the-true-state-of-the-global-economy-2012-5

debt repayment calculator debt rescue debt resolve debt settlement advice