BOTTOM LINE: Those European PMI Reports Signal Shrinking Growth

Bloomberg Eurozone PMI GDP

Photo: Bloomberg Brief

As we noted earlier, some of the Eurozone PMI readings came in better than initially expected.However, the readings were still pretty ugly and appear to be signaling contraction in the Eurozone.  Check out this chart from Bloomberg economist Michael McDonough.

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