Global #Trade Slowdown: #PMI crashing across #Europe and #Asia

Global #Trade Slowdown: #PMI numbers crashing across #Europe and #Asia.  See these articles from today:

German manufacturing shrinks at fastest pace in three years | Reuters:
Germany's manufacturing sector shrank in June at the fastest pace in three years, with new business intake dropping for the 12th month running, in a sign the economy is suffering from both the euro crisis and a broader global economic slowdown.
Markit's manufacturing Purchasing Managers Index (PMI) slid to 45.0 in June from 45.2 in May, registering the fastest decline in the sector since June 2009, final data showed on Monday. The figure was just above a flash estimate of 44.7.


Euro zone factories hit hard in June, job cuts rise | Reuters:
Anchored below 50 mark that divides growth and contraction for almost a year now, the survey again showed factories in the region's two biggest economies, Germany and France, are succumbing to a downturn that started in southern Europe.

HUGE MISS: #GREEK #PMI DIVES TO 40.1:
The June Greek manufacturing PMI plunged to 40.1, down from 43.1 in May.
Economists were looking for an already low number of 44.8.

China’s Manufacturing Growth Weakens as New Orders Drop - Bloomberg:
Chinese manufacturing indexes slipped to seven-month lows as overseas orders dropped, and South Korea cut its estimate for exports this year, underscoring risks to Asian economies from Europe’s debt crisis.
A purchasing managers’ index for China fell to 48.2 in June from 48.4 in May, HSBC Holdings Plc and Markit said today. A similar measure released by the government yesterday also slid. South Korea yesterday lowered its export growth forecast to 3.5 percent from 6.7 percent.


Indonesian exports tumble by 8.55% - FT.com