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Again fairly soft details in the......>

EUROPEAN DATA
EUROPEAN DATA: Again fairly soft details in the Eurozone aggregate PMI. Services
still doing ok but manufacturing falling across the EZ ex-France. Export orders
still poor and confidence falling. Prices expected to fall in the future.
Highlights from the press release:
- "Activity rising modestly amid a marginal increase in new business"
- Manufacturing: "France was able to eke out production growth, falls were seen
in Germany and outside of the 'big-2'."
- "New export orders were down for the eleventh successive month in August."
- "A sizeable drop in confidence regarding the 12- month outlook was registered
in August as the global economic slowdown tempered optimism. Sentiment was down
to the lowest since May 2013"
- "The rest of the euro area as a whole saw little change in the rate of growth
during August, as solid expansion in services outweighed falling manufacturing
output."

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