Eurozone PMI falls

28 July, 2011


European factory prices are still declining faster than expected, according to figures out this morning.

In a Euro-negative announcement, Euro exchange rates have improved against the Pound, good news for anyone sending money to a French notaire for a property purchase for example.

Producer prices fell 0.7% for March and 3.1% for the year to end of March, against analysts’ expectations of 0.5% and 2.9% respectively.