Search On This Site

Custom Search


It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever
Subscribe via RSS



Contact Information: 
Submit: articles [ at ] investmentwatchblog [dot] com 
Advertising: ads [ at ] investmentwatchblog [dot] com 
General: admin [ at ] investmentwatchblog [dot] com

SPANISH PMI DISASTER: Manufacturing Index Plunges, Confirming Economic Collapse… Check Out The Latest Youth Unemployment Number In Spain


The Spanish Manufacturing PMI index is out, and it’s ugly.

Here’s the chart:

 

chart

Markit

 

All they key points are bad.

chart

At 44.5, this is the worst reading in 11 months. Download the full report here from Markit.

Spain has risen in the last few months to be the #1 worry in the Eurozone.

But check out the youth unemployment column for February, and see the cell we’ve highlighted for Spain.

50.5 percent!

As you can see at the very bottom of the same column, the comprable figure in the US is 16.5%.

 

chart

Eurostat

 

Meanwhile, the economy is shrinking furiously, and the government is cutting spending aggressively.

Read more: http://www.businessinsider.com/spanish-youth-unemployment-2012-4#ixzz1qsX8kkiz

79 Total Views 1 Views Today