Thursday, September 22, 2011

How The French And German Economies Are Doing Compared To The Periphery

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Good chart in the latest Markit Eurozone PMI report.

As you can see, the scene on the periphery is pretty ugly, but the situation for France and Germany, growth-wise, is hardly better.

Nominally things aren't quite as bad, but the direction is exactly the same. Down.

chart

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