Eurozone manufacturing slows down

Mario Draghi is facing a lot more pressure lately. The European Central Bank actions have not generated anything solid for a full recovery in the Eurozone.

The French manufacturing purchasing managers index (PMI) fell to 47.6, a drop from 48.5 in October. This is the seventh consecutive month where the private sector output fell. The full report can be found here.

In Germany, the PMI was not much better although it did register a figure of 50.0. This is a 16 month low due to stagnation in new orders. Head over to the report for more numbers.  

Some traders have said that the strength in the Euro currency would lie in the German productivity.