Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (73045)	3/24/2010 5:20:26 AM
From: Haim R. Branisteanu	Read Replies (1) of 74559

Europe Manufacturing, Services Grow at Fastest Pace Since 2007 By Simone Meier March 24 (Bloomberg) -- Europe’s service and manufacturing industries expanded at the fastest pace in two and a half years in March as reviving global demand prompted companies to step up output. A composite index based on a survey of euro-area purchasing managers in both industries rose to 55.5 from 53.7 in February, London-based Markit Economics said today. Economists forecast a gain to 53.8, according to the median of 15 estimates in a Bloomberg News survey. A reading above 50 indicates expansion. To contact the reporters on this story: Simone Meier in Dublin at smeier@bloombert.net; The recent strengh of the USD gives a nice boost to German economy and the EU in general IFO and also the PMI 2 to 3 points above expectation. Economic data (Germany, MAR): IFO - Business Climate out at 98.1 vs. 95.8 expected and 95.2 prior. IFO - Current Assessment out at 94.4 vs. 91.0 expected and 89.8 prior. IFO - Expectations out at 101.9 vs. 100.9 expected

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