I was going to post a more gruesome chart of the flash PMI’s from Europe last night, but Delusional Economics is writing a report on the result, so this chart from The Economist should take its place:
It really is a two speed global economy with the USA, China and Russia expanding, whilst in percentage terms, the French and Italians have cut back their consumption but the former still have the biggest exports by value, the latter leading the way in volume.
Drink up!