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Great Graphic: Euro Zone Mfg PMI and GDP

Here is a Great Graphic spotted by the Also Sprach Analyst blog, from Bloomberg.  It shows how well the euro zone PMIs track GDP.  It also captures the sharp erosion of Germany.


The austerity regime that dominates can only undermine growth prospects.  Moreover, more austerity is required next year and not just to replace some one-off measures.  
                                




Great Graphic: Euro Zone Mfg PMI and GDP Great Graphic:  Euro Zone Mfg PMI and GDP Reviewed by Marc Chandler on August 02, 2012 Rating: 5
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