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ECONOMICS COMMENTARY
Mar 01, 2013
Euro area reliance on exports for growth highlighted by PMI divergences
Data derived from the Markit Eurozone Manufacturing PMI survey shows a clear divergence between the performance of exporting companies and those firms that are reliant solely on domestic markets. This highlights the weakness of domestic demand within the Eurozone, notably in the southern member states, where the divergence has shown signs of widening again at the start of 2013.
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