Lower PMI in Europe adds to Greek drama The Purchasing Managers Index, an index measuring broad economic activity, which was released on Thursday showed the weakest outcome for Europe since May 2009. Reuters reports that both Germany and France are caught up in the downturn. A survey released today, however, shows that German consumer confidence is at 5.7, the same level as at the beginning of May, according to the Associated Press. Germany’s economy grew at 0.5 percent in the first quarter. All of these indicators are plagued by the crisis occurring in Greece and the question of whether or not Greece will remain within the European Union. The Dow closed at 12558 on Thursday and Asian markets were flat. European markets are up on Friday.
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