Eurozone PMI Comes In At Ugly 45.1

It was the same as last month, but the number is still fundamentally ugly.

Eurozone PMI came in at 45.1, according to markit.


Since anything below 50 represents contraction, this is a very bad number.

This is represents most of the PMI numbers we’ve seen so far. Roughly in line with expectations, but bad numbers overall.

From the report:

June PMI data signal led that the downturn in the Eurozone manufacturing sector extended to an
eleventh successive month. Production and new orders suffered further severe contractions, leading
to the steepest job losses since January 2010.

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