September 22, 2011

European Economy Hits the Skids

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A single month of data is never cause for panic, but this particular piece of data sure isn’t good news. The advance release of the composite PMI index for Europe fell below 50 in September, which suggests the European economy is now contracting. Outside of France and Germany the news is even worse, and in the service sector both current activity and expectations of future activity are down. There’s just no silver lining here.

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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