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Euro zone PMI in April at mid-2009 levels

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Posted By: The Corner 3rd May 2012

The Purchasing Managers Index provides one of the most reliable hints about a country’s GDP behaviour, so isn’t difficult to agree with all observers that April’s relapse in PMI figures in the euro zone spell loss of momentum in industrial activity. The data are at the lowest level since mid-2009.

With no signs of acceleration of the indicators of activity and with early sentiment indexes’ falling in the second quarter of 2012, the risk of the EMU GDP declining for the first quarter (-0.1% ) and for the second, too. Analysts in Madrid consider likely an EMU GDP fall of -0.3% from April to June.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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