Forgot your account information?  |  Create a CME account

Eurozone confidence hits three-year low

Published by Steve Coleman on May 02, 2012

European manufacturing confidence hit a 34-month low in April.

Markit's Purchasing Managers' Index for the month says industry confidence has turned into misgivings across the board for the Eurozone trade zone.

Survey results say the index, a one-time snapshot of the sector, fell to 45.9 for the month, down from 47.7 in March and below the original estimate of 46.0. As a guideline, the index considers anything below 50.0 a decline and anything higher than 50.0 as an improvement.

Pessimism extended into key Eurozone countries from weaker countries on the perimeter, the survey said. German confidence was at a 33-month low with a 46.2 reading. Italy, Spain and Greece were all below the 45.0 mark.

The most-optimistic was Austria, where the reading was 51.2, still a four-month low.

Found in: news

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan