Photo: Wikimedia Commons
It’s PMI day part 2.Last week we got manufacturing numbers. Today it’s services (which, for what it’s worth, tends to get a bit less interest).
Some fresh data is out in Europe, and most of it is a bummer.
In Italy, the number fell to 47.4, from 50.1, missing expectations of 49.6.
In France, the number was 56.1 vs expectations of 56.7.
In Germany, the number was 56.7 vs. expectations of 58.3.
So of those, only Italy is the one that really went down into negative territory. Unfortunately it’s also the one with a brewing debt problem people are getting worried about.