Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Euro-zone Nov. manufacturing PMI falls to 46.4!!

Euro-zone Nov. manufacturing PMI falls to 46.4 (by William L. Watts)

FRANKFURT (MarketWatch) -- Activity in the euro-zone manufacturing sector contracted at the sharpest pace in 28 months in November, according to the purchasing managers index for the sector compiled by Markit. The index fell to 46.4 from 47.1 in October, unchanged from an earlier, preliminary estimate. A reading of less than 50 indicates a contraction in activity. Manufacturing PMIs were below 50 in all nations covered by the survey, with most declining from October levels, Markit said. "Both production and new orders fell at rates not seen since the height of the credit crunch in [the first half of] 2009. It was also the first month since mid-2009 that all countries saw output fall, highlighting the broadening-out of the downturn from the periphery to the core," said Chris Williamson, Markit chief economist.

Messages In This Thread

China PMI surveys shows manufacturing contracting!
Euro-zone Nov. manufacturing PMI falls to 46.4!!
U.K. Nov. manufacturing PMI lowest since June '09!