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Rare good news for France as PMIs smash forecasts

Monday, March 24, 2014 - 03:36

Mar. 24 - French business activity grew in March at the fastest pace in over 2-1/2 years, while Germany's private sector grew steadily but at a slower rate than in February.

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German PMI is just sitting there while the manufacturing and services composite easing to 55 in March from 56 point four in February. A bit of a wobble but still well above the fifty -- which denotes growth. Those numbers follow get news from -- on its web business activity grew at the fastest pace to an off he has Robert -- as chief economist of market. I was compiled these numbers and joins me in the street and. Once -- -- -- -- a bit while the Japanese but as a set you are still still don't know much about -- just the initial reaction from -- markets -- -- -- -- -- -- Kenseth I think the markets initially -- this a little bit negatively is playing a strong with -- expecting it's coming down from the time of the high suit yet. But this amazing as she was saying it stillwell both 56 weeks -- -- -- yes manufacturer -- -- up Chris east. They sent to us but still very solid presence just Jamie's gonna remain -- coast -- -- and why do you listen in the months and what what -- -- A apparatus the obvious the the exports the manufacturing. And census like Tom and you export this much and stealthy. Eight months and that. Puts -- one of the slows -- -- past five months so. US -- bristling Paula thought could -- tooth what was seen with a slowing in China this month as well as you -- set. Some companies are saying China export markets about it. -- ties to mass market is quite we cannot could be having enough confidence to Tim and -- any no professional Crimea Morrison and we haven't seen that yet but he got a lot of what was happening log escalation that. Would have been happy to assist also old chewing city period itself and any such as an amendment fifth two limited's. And if they will in fact. What a patent and -- yet. We may see something in the final numbers we may not it may be even next month that you -- all right jumps -- so creating jobs so -- shelves that they posted mainly in the senate is set to manufactures are still looking to be set compact stiffness. Particularly with -- competes and stimulate tax politicos. But the chairman Joseph Marcus and strong all the way through this that taste is strong and -- jobs. Going -- OK let's let's switch over to France because we have these numbers earlier and that starlet on the jobs front. Any positive news on -- -- front fronts a stress the positive it's a great job losses teasing but I think what we -- with France this month is. That -- -- output both coming back to Chris you seen the close of wit which it could indicate to future employment trends that doesn't quite sharply. Not raising hopes that may be at its output annual orders rising employment could seem -- seats. -- cute let's just mentioned there's numbers for two point six from 47 point nine in front of that. That this was a nice jump attack guess this will come as a -- surprised the markets is it because that's coming off a -- basement I think all of. Is is coming from the labor base and we have seen set is outside today is the most about it in my team best and they set to smarts but in my. We could be seeing things which is a recent government spending thinks of -- actually folks thinks you. TUA defense process might cut to some serious about this post offense is benefiting from the general Ted Kennedy political economic conditions and as a critical front. I would hope so -- us -- before we have all of a full stones tick in France spoke. Hopefully that's a good feeling about bow low the country's newest and have not continue it. Brought many things that rob Dobson -- David -- for instance analysis of the eurozone flash PMI figures that are out in just under thirteen minutes from now. An ex -- which is Alex's.

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Rare good news for France as PMIs smash forecasts

Monday, March 24, 2014 - 03:36