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‘Dire’ Final PMIs Underscore Depth Of European Slump, Pernicious Brexit Impact
Final PMIs for December underscored the extent to which, signs of inflection and other glimmers of light at the end of various tunnels notwithstanding, the global economy is entering a new decade on the back foot.
The final read on IHS Markit's manufacturing PMI for Europe is 46.3. That's marginally better than the 45.9 flash print, but still represents a deceleration from November, and a sharp slide from where things stood at this time last year.
New orders have been in contraction for 15 str
