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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (176588)	7/1/2002 10:18:17 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Euro-Zone June Mfg PMI -3: Employment Contracting Despite the recovery in activity, manufacturing companies are continuing to cut their workforce, according to the survey. The employment sub-index rose slightly to 49.0 from 48.9 in May, indicating a continued contraction. The input prices subindex, which isn't included in the calculation of overall PMI, rose to 57.4 from 56.0. It was the fastest rise in input prices since January 2001. Delivery times for purchases of inputs shortened, while stocks of purchases contracted. The euro-zone manufacturing PMI is based on data from Germany, France, Italy, Spain, Ireland, Austria, Greece and the Netherlands, which account for about 92% of the bloc's manufacturing activity. The expansion of manufacturing activity was strongest in Greece and Ireland - two of the euro zone's smallest economies - but slowest in Germany and Italy - two of its largest economies. Jun May PMI 51.8 51.5 Employment 49.0 48.9 Output 53.5 53.4 New Orders 53.1 53.0 Delivery Times 47.3 48.9 Stocks of Purchases 47.5 48.1 Prices 57.4 56.0 -By Paul Hannon, Dow Jones Newswires; +44 20 7842 9491; paul.hannon@dowjones.com