Eurozone PMI also disappointing.......>

EUROZONE DATA: Eurozone PMI also disappointing overall. There is mention of

political uncertainty and Brexit (which wasn't mentioned in the French release),

auto sector mentioned again.

Export orders and poor optimism the drivers of the disappointment.

Highlights from the press release:

- "New export orders fell sharply, down for a seventh straight month to continue

the worst period of export performance since comparable data covering both goods

and services were first available in 2014."

- "Reduced optimism was often linked to the recent slowing in demand and lower

sales enquiries, as well as downgraded forecasts for economic growth. Specific

concerns focused on rising political uncertainty, including Brexit, trade wars

and protectionism. The weakness of the auto sector was also again often cited as

an area of concern."