Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Euro zone PMIs to offer clues on bloc’s exit from recession

Wednesday, July 24, 2013 - 03:24

July 24 - The first glimpse into Q3 economic activity across the euro zone comes with flash PMI figures for July. Economists polled by Reuters generally expect continued contraction, but at a slower pace.

▲ Hide Transcript

View Transcript

Eurozone PMI numbers for July just it's and that -- the region has something to cheer up. Manufacturing going again and got a 24 month high. Joining me now does not -- senior economist rob Dobson wrote all about money fronting a two -- -- the composite PMI responding it's an eighteen month high clip as well. Is this proof positive that the recessions of. This is what what taping what we were saying with lost most of his list of what we what -- -- keys that he received US and state laws may be coming in some growth in key thing. And what was seen these numbers is definite signs to begin quartet the US and could well be heading in the right direction there. And the largest rise in manufacturing IP you -- those. For manufactured goods up and done that both the first sign into -- -- -- -- looking indicators are all also -- -- song that's the case and what we're seeing used to seeing stabilization in the domestic market particularly satisfied Jimmy. But also what we -- it cost to do with him in countries such as a whole. As for increased new expo this below this is Clinton into -- I'm finished the US -- Christmas here in recent months. But again this justice of dissident -- to base stuff which just -- hopes of stability. Some of the boot and the dates of a putt from Spain -- -- -- -- the current account deficit is shrinking rapidly by the moving in some countries moving into substance -- because of collapsing the mine's on because as you say maybe some exports in these countries are starting to accelerate. I think it's very much a combination of the tape. But what we've seen in recent payment date releases is an an expo let us move toward stabilization in the peripheral countries. And the places that should -- And these numbers again what we've seen is we've seen outside the big two economies we've seen -- export is growing for example and European markets when your expert told -- -- -- was encompasses a book fifty Cummings Chris coming from a variety of such as. In the perfect that the question -- courses is this sustainable. Does lieutenant -- this forward looking indicators were not expecting it spectacular plays and I thought that's. But this still suggests that the eurozone should be coming to at least stabilization. And possibly can I think -- things. I'll accept that and docile positive news to be welcome down 76 and activity slowing yet again. Why is not well. It's still in contraction what we see his -- and that's come to an eighteen month high. It's only slightly below about fifteen and change -- indicates that you consider Santa is showing signs of stabilization. And again this is coming this -- post relative to domestic markets and many these nations starting to stabilize. And that's gonna have a benefit to just keep it coming grace. At least -- staple. -- and all this is the first that sense of Q3 up any of the major -- Reports -- it will exit -- so GDP estimate on this it's true it's put an outright. This is gonna be even on the pick four on -- -- what was it. Seeing here is definite signs that this continues to say it quoted that the US and should come out of recession. And we scientific minds is it but still given that we've had some -- this event next to Chris across the region. Anything that can be tapped as opposed to themselves and -- rob thank you very much. How -- must another line Jamie gave up this is what is.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Euro zone PMIs to offer clues on bloc’s exit from recession

Wednesday, July 24, 2013 - 03:24

Most Popular »

Investing 201 »

Bond investors brace for the end of Fed stimulus Bond investors brace for the end of Fed...

Fri, Oct 10, 2014 - (4:03)

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

Money Clip »

Will Apple Pay transform mobile payments? Will Apple Pay transform mobile payments?

Thu, Oct 16, 2014 - (2:45)

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, Oct 20, 2014 - (1:08)

Images of September Images of September

Wed, Oct 01, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)