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Adding more anecdotal info to the focus on Europe’s woes and its impact on global growth, MMM at an investor conference is saying they haven’t seen any change in its European business and the region is expected to “be a low growth market” but, the weakness in the Euro “may cut FY eps by .05. There will of course be many more companies taking FX translation hits so this should be expected as we move thru the end of Q2 but the question will remain what the economic/volume impact will thus be on the European business of US multinationals.

Following the MMM comments earlier on its European business, “HONEYWELL SAYS NO INDICATION EUROPE ORDERS SOFTENING” according to Bloomberg.