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European manufacturing is shaping up worse than expected

September 1, 2015

Via: itCurated
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It’s manufacturing PMI day in Europe today, meaning we’re getting a reading on how the sector is doing in key economies across the continent.

Markit’s Purchasing Managers Index (PMI) gives an idea of business conditions as a whole across sector. Any reading above 50 signals growth, while anything below means the manufacturing industry is shrinking.