Europe's Annus Horribilis

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Tuesday, January 3, 2012 Europe's Annus Horribilis How bad was the last year in Europe? This chart from MarkitEconomics shows global manufacturing PMI readings in January 2011 vs. December 2011. As you can see, basically every country in the world registered a weaker reading in December of last year than at the start of the year. But in Europe, basically every country went from solidly above 50 (signaling expansion) to below 50 (signaling contraction). The only country that didn't go from positive to negative? Greece, which was in contraction throughout the year. Read » Also On Money Game Today: STOCKS EXPLODE HIGHER TO START THE YEAR, BANKS LEAD THE WAY: Here's What You Need To Know There's A BOMBSHELL Story Out Of Greece Today, And Nobody Seems To Care FED ANNOUNCES MAJOR CHANGE IN COMMUNICATION STRATEGY Tiffany's Is The No. 1 US Luxury Retailer Likely To Get Slammed In 2012 Advertisement CHART OF THE DAY: Here's How Every Asset Class Performed In 2011 CHART OF THE DAY: The Worst Performing Big Bank Of The Year CHART OF THE DAY: This Crazy Drop In The Euro Has Sent Everyone Reeling Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: ipat39@gmail.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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