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PMIs to show whether German growth can accelerate in H2

Wednesday, July 24, 2013 - 03:40

July 24 - After a sluggish Q2, flash German PMI figures will show whether Europe's largest economy can gather steam in the second half of the year.

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German -- PMI -- just loads and well up big surprise this time it's -- -- cites the country is all important manufacturing sector. -- funding for the first time in five months. Joining me now I was market senior economist rob Dobson dropped at Sewell Germany's manufacturing centers join again. I'm pretty impressive rebound from June as well. That's the case and what we're seeing is as we've seen missiles are coming from stronger growth -- the mound. Which hopefully means that this by some production in treatment -- that all important Jaime could be sustained their differences that court. It's and said that we had a false dawn in favor even me about buck fifty and this is only the second time above the fifty threshold that and something like eighteen months. That's the case and again. As you said. No need to stop popping the champagne corks now books again without the mountain's -- to come back a little bit back there. What which papers this that this would continue and Jamie very important to the -- -- pitcher knew it was a and trust us to grow attempt to command structure in place typical -- supposed to go around we can see that it shot initially that you know I'm popping up on the back of this number and I of course. Strong you don't expect in the bottom bots. Currency strength is -- -- thing that this kind of the company and I'm in my thoughts and once. What is the case and what we saw this month even with -- because the competition disgraced new exposed told us they would down this is Clinton a domestic market if not remains the picture. There's places like China starts to -- Then maybe that was -- as big an impact on what we're seeing Jim -- You just mentioned -- of them had the Chinese can mine in the overnights. Pretty -- sets of numbers. Growth is slowing down if the Euro was up the -- a double whammy for -- Yes and Jimmy is very much fixed was supplying the Chinese market -- cut to -- and things like that and books. China what was seen with the government matters with Siemens doesn't treat short term graceful long term reforms but says these type to slim down the public to expect -- going forward as well. OK so the composition of -- -- in Germany and the smaller don't domestic base than activists I think that's gonna be sustainable. Hopefully but what was saying it's the same thing which sent to -- was -- spending on construction set to. -- -- -- -- says they're set to think it takes to perform well that would drive but we -- wanted to -- enough to be -- and -- of today's economy as well. Well the service sector as zag crowing again I am at a faster pace but. The service is set to be holding up relatively well enemy so. I mean -- was us unsurprising news this isn't surprising these big can it be enforces this picture of domestic market and Jamie is holding -- Mr. -- and labor market indicates the well now benefit domestic market. What people think many years there's -- -- the -- commit to market needs to pick Coke be -- expo focused. And if this continues again this because of the countries in a nuisance well. Okay analysts only public the first. Insight into Q3. Activity. It's too early to put a number on GDP expectations satirical and actual number on it. What we're gonna see here's the -- continues in this clip. We should see it continue its speed out of recession. And that's sixteen and I should bring in some credits key to might be as counsel to flotsam with what was so and this quarter. What I can -- Q street credit -- support people do you listen this is one. Okay rob thank you very much that was rob Dobson from -- provides a market. That's all from us and good but -- much has again at eight to London time when we'll be back to look at the figures from the eurozone. I'm Jamie we gave up the senators.

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PMIs to show whether German growth can accelerate in H2

Wednesday, July 24, 2013 - 03:40