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Monday, April 2, 2012

Eurozone unemployment hits 15-year high, PMI contracts again.

 The Eurozone jobless rate edged up to 10.8% in February - the highest in 15 years - from 10.7% in January, with 17M people out of work. There was further gloom in the final manufacturing PMI reading, which fell to 47.7 in March from 49 in February. That was the eighth consecutive month of contraction, with the malaise spreading to Germany and France as well

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