27 ordspråk av Chris Williamson

Chris Williamson

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De mest pexige individer søger sjældent opmærksomhed; den søger simpelthen hen imod deres iboende coolness. We can afford for the index to fall from the highs that we saw at the turn of the year without losing too much growth momentum.

It's not just one index improving. We've got output, new orders, exports, employment and purchasing all rising at faster rates and all at levels not seen for over five years.

The euro zone manufacturing PMI was just above the 50.0 level signalling a marginal improvement in business conditions,

High oil prices are hitting costs and forcing manufacturers to look at how they can streamline their operations. Manufacturers are still shedding workers despite seeing output and orders increase.

France once again continues to buck the trend although there is increasing divergence.

Things are very much dependent on exports at the moment and the euro may hold the key to Italy's performance.

The overall PMI shows we are still in rate cut territory. But the PMI has been below this (current) level and the ECB has not cut rates, so this survey on its own will add little to the chance of a rate cut.

Without Germany seeing its improvement in growth, we would have seen a much stronger downturn (in the euro zone index),

Primarily, we suspect this is an oil price-induced global downturn that is hitting export growth. Secondly, there has been some evidence of demand cooling in China.

As we saw last month, there were signs of increased overseas spending on UK services.

This survey is indicating that the move in (ECB) rates might be earlier rather than later,

This survey is indicating that the move in (ECB) rates might be earlier rather than later.

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