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French Economy Implodes

a234 Wrote: Oct 04, 2012 6:42 PM
The idiot is back. It's Denise.

As expected, at least in this corner, the French economy has started to implode. Service sector business activity is dropping at fastest rate since October 2011.

More importantly, the Markit Composite PMI sports the steepest rate of contraction since March 2009 with job losses accelerating at the fastest pace in 33 months and output plunging at the fastest rate in 42 months.

Key points:

Final Markit France Services Activity Index at 45.0 (49.2 in August), 11-month low.
Final Markit...

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