The good news is that in many countries things imploded at a less-worse rate than they did the month before....

The European Implosion Continues

Joe Weisenthal

The Eurozone's PMI manufacturing reports for April are out and it's clear that the economy remains in deep depression.

The good news is that in many countries things imploded at a less-worse rate than they did the month before.

The bad news is that manufacturing is still shrinking very rapidly, and the signs are minimal that things are going to turn around.

All of the reports can be found on this page, ....



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