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Market Pulse: Euro zone PMIs point to recession ending Q3

Monday, March 04, 2013 - 04:01

Mar. 5 - Final euro zone PMIs not quite as bad in February as the flash estimates. But they do suggest the recession will drag on into Q3, says Markit. And could the UK avoid a triple-dip?

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You know -- is still stuck in recession but it may not be quite as by his feelings according to today's PMI figures for February. Spain and Italy down fronts in Germany up. I'm joined now by Chris Williamson he's chief economist at data provider of market -- the euro's own demise of a -- edged up from the flash infinity. But it does seem to be a divergence between France and Germany and between Spain as I don't know. Indeed get to that diversions and extreme. Gemini which seems reasonable grave and friends so far this year -- -- insists he has been the largest we've seen. Since this that I began in nice 98 so they're widening gap between -- economies -- -- now grant frustrate their and one half to gaze. Front contracting. The steepest rate for years France is even contracting at a faster rate than its lead Spain movements of France's. I think always. Kind of became -- is is looking more more like periphery. Every month the man -- adding. So in that case was so full cast of friends GDP this year I'll be looking at sub zero. Org is getting that way everything the first quarter could see quite sharp contraction we were a bit surprised at the resilience different economy and it's like now last year at the surveys are very -- not just -- -- -- -- says nice manufacture and conditions well very very weak official data held out. Now maybe I'm gonna get some big paper this is -- that they -- so. Not -- -- the -- those really lit the French come -- no movement. And drive but lost them funds as a sentimental. Final Franco. Was higher up in the flash is this the beginning of a -- and -- to think. Possibly but when we look at what's happening in the restive region with the political instability in Italy we think business confidence is getting -- damped by that says could lead to it to fit weakness. Okay -- vessel. Taking all this together does this tell us that the -- on sexual and -- or is it looking more like Q3. Well last month we -- hoping that the trajectory we were wrong men that we see stability maybe some growth in the second quarter. Federalism is that a setback to that but not necessarily serving the needs to what happens in March but it. Hopefully the courts that -- we're looking at it too optimistic now. OK let's finish on the UK -- subject PMI today's highest in five months and you think this points towards point 1% GDP growth. In Q1 so avoiding a triple that but hotly these and to crack open the champagne. No it's amazing what what is considered good news of the main men have been a good index reading just about fifty. Seems seems to chip market sentiment which is -- perhaps -- as a -- We've where you have very government Russian construction numbers in February may be due to the maybe get a bounce back coming. In March. And so he's very good to see this this rapists. Safe to say to them back so make -- point won't send you people are avoiding triple -- but we. That that -- did you get proximity to that a change cleverly so close that much could prove very decisive stagnation nation. You can call in these -- thank you very much. But some point today -- circle which may just avoid relegation from the 5100. If today's performance can be sustained. Shares up more than 10% today and that's thanks to a 20% tight and the dividend the forecast beating earnings reports. Sokol once facilities ranging from Britain's atomic weapons establishment to immigration detention centers in Australia. Let's just about it but. Ditch and then as we bring you comprehensive coverage from the Geneva car show join us today on the Wednesday for all the big name interviews we'll be speaking with CEOs of I would day. VW Kia Mercedes -- Lamborghini. That's it and no I'm -- -- about the supposed.

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Market Pulse: Euro zone PMIs point to recession ending Q3

Monday, March 04, 2013 - 04:01