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Is France as bad as Greece? PMIs say almost

Thursday, March 21, 2013 - 03:53

Mar. 21 - Grim PMI numbers point to fresh economic illness for the heart of the euro zone, with French manufacturing PMIs now barely better than Greece’s.

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Eurozone flash PMI is out today on that a fresh symptoms of economic illness at the heart of the seventeen nation bloc. Joining me now is rob Dobson senior economist at date to provide a market -- -- upfront semi. Pretty terrible numbers and they point to dip recession get to watch on what's. The case this finchem isn't the winners for years what we're seeing is down today by -- touching on -- And revealed to sit in on -- Frenchman Patrick could send to the citizens for five. -- and will not take a picture without any bright spots and they'll do what about expectations index for example. But expectations index which are some weakness is well on the canvas is suggesting that French company so increasingly. Blocking confidence going out of our economy. -- might as you say it was a lost the full year as the lord in Spain -- and it's like an almost believe I'm not almost doesn't that little piece. That's what we seem to manufacturing sector the last few months we've -- fronts coming very much in the low and alternate here in my league table with figures on us. Oscar continuing march analysts a lot of it is just put that altogether what does it mean for French GDP what and the Q1. Well what we see is to see mr. Grayson this idea. Momentum and contraction exciting we -- parity. Voters -- -- -- -- command below what we see if you listen enough rich legacy French -- in this very very weak and the use an obvious what point 2%. Where it often does this month the polling consistent over the course -- about no points to accept contractually. Minus yes. An aspect to them what we sewing -- full votes still we're not enough recovery fascia so much fun said they viewed as -- second largest economy of course the biggest coming -- Numbers today not quite as -- but not so not particularly encouraging and still in recovery votes nothing really spectacular -- talked into it and what we're seeing assessing -- and the through it there's quartet again. Chris commencement slowing slowing assistance for the big number that was Monday touching it it back into contraction territory. And I was a -- since the -- of -- years -- combat death soul again what does this all mean for for Germany going forward can make stuff and the thing going forward it. So beautiful looking into cases across Germany and in the US as a whole looking fifteen week. But also we've got to keep in mind that most of these numbers most specific responses came in before the -- this story broke. There's any possibility that our heads household confidence business confidence and you when he was sent. They're gonna continue April fitness not gonna happen train on the Q2 numbers so focusing of course on -- finds that the Indians on big two economies. Do you sense that the press save the contagion if you like for the -- financial market contagion -- economic contagion is definitely seeking into the court. Well we've seen uptick in France missing Jimmy slow again Jim do you say. Exports slow with the chosen partners in the senior exposed to listen to access dipping as well. Both who look at the fifth street seemed Thompson that accelerates well what we're seeing and if you won't deal we acceleration and not -- -- -- Just finish up is minus point 2% contraction Q1 do you guys that are expecting base and recognize that a pulled economists last week that said. While they expect minus point 1% and how how do you. Quantify that gap a fable they were saying about point was below the end -- it's just in the may be in Q won't. There wouldn't be of the acceleration and of its construction of what we've seen at the end of the court with these emotional -- after it. Slightly less spots talked to the other cause it yet what we -- is tonight's march figure severe acceleration and not canoe and how to train on Q1 numbers. Okay rob thanks very much that was markets Bob Dotson. Us also must and -- I'm Jamie -- even the simplest of.

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Is France as bad as Greece? PMIs say almost

Thursday, March 21, 2013 - 03:53