The European Implosion Continues, Horrible News Everywhere. Italy Warned of ‘Sudden Changes’ in Market Sentiment

Thursday, May 2, 2013
By Paul Martin
May 2nd, 2013

CONFIRMED: Europe’s Strongest Economy Continues To Contract
April PMI for Germany came in at 48.1, which is down from 49.0 last month. Anything below 50 is contraction.

What’s worse, there was a reduction in staffing levels, and total manufacturing output had its first drop all year.

Here’s a quick summary.

The Rest…HERE

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