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The key part of the EZ PMI is that....>

EUROZONE DATA
EUROZONE DATA: The key part of the EZ PMI is that the rest of the EZ outside of
Germany and France is slowing. This is concerning. From the press release:
- "While Germany and France saw some signs of improvement, the rest of the euro
area saw output fall, albeit only marginally, for the first time since July
2013. An increased rate of decline of manufacturing output was accompanied by a
near stalling of service sector growth."

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