Here come European PMIs…
|01/06/2016||Posted by BusinessMediaguide.Com under General World News||
It’s service sector PMI day in Europe, meaning we’re getting a snapshot of growth in the area across the continent.
The purchasing managers’ index from Markit gives an indication of whether service sectors are growing or contracting, giving a number between 0 and 100 to indicate just how fast or slow.
Anything above 50 signals growth — the higher the better — while below means contraction.
We’re also getting composite estimates for December growth in Germany, France, and Europe as a whole — in other words, how the economy did overall.
Here’s what we’ve got so far: