Europe's Awful Economy

There was a string of service PMI numbers that came out early this morning, but for your purposes, here’s the chart that matters.

Via Markit, the blue line is total Eurozone composite PMIs (combining manufacturing and services). The continent is plumbing brand new lows, and it looks like ECB policy is dramatically behind.

image

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.