Reuters - Video

Edition: U.S. | U.K. | IN | CN

9/11

Euro zone PMIs: French sick man gets sicker

Thursday, May 22, 2014 - 03:45

May 22 - Euro zone PMIs show France sliding back towards contraction even as the rest of the region sees an accelerating pickup. Full analysis with Markit economist Rob Dobson.

▲ Hide Transcript

View Transcript

Eurozone flash PMI numbers just announced and it's a similar picture to Germany early S services on the -- But the manufacturing index sharing. Few signs of strain it's down from about 53 point four. To 52. Point five in May that is the six month low joining me. With his analysis senior economist from -- data compiled as Margaret who put these numbers together -- to see you -- -- We what we wanted to -- out of action. I'm always about manufacturing. What was saying here's a scene just a little slow down and unflinching Chris very but they've rule I think what we need to see for the US and as a whole as he sees stating grace. Mission doesn't pull back to contraction but also what we want to see is when she's not because we've -- coming out cost -- -- -- -- as -- particularly. Because many nations as possible with these numbers missing some of up to strip for change happen. I mentioned we -- similar slowdown in manufacturing in Germany won't what do you say is trying to bring got -- as it is is this is creating wrestler down across the euros and manufacture. I would say that what we're seeing -- -- let's contrast Monday touching with citizens services had to close this via hi this is suggesting for many this nation's domestic market. Is holding its current. -- what was -- money front -- is some countries being hit by a slowdown in new export cuts and Huckabee soft that it needed market trends and kasich's. Asia with what was so with the China inch -- him I say it's dad. An explosive be partly a by product of some of the sense knew him and seen recently. It's -- by prosecutors are we we talked about Germany earlier and it looks cute but this seems to be it continued cautious approach to -- -- -- that is the coast patient and very much it cost cautious approach. Although it was seeing levels that amount picking hope we're seeing good strong -- of new orders particularly say this but I just. What we're seeing is the levels that amount of -- compared to what we've seen stoically. -- not basis what was seen as companies may be just. Offsetting. Some of thought all right game. Swift and existing diesel says -- wants to increase employment and -- folksy with modest recovery community. -- hit you know escape a lost -- about Ted deflation or to disinflation. I would say I'm more concerned about disinflation and outright deflation. On the list it should just turn on the cost side. -- of cost deflation did actually -- somewhat both on the count side. We are seeing a policy if you that it ticket prices which sent samples found spoke buck and contraction. We -- price discounting very -- set to support amount. What -- sort of -- from its -- from some I mean it's almost become cliche to -- the sick man of Europe and that is what it is. And and it and and that is so -- confirmed in these places numbers. That is the case that's a safe drugs fell back into contraction -- strong Grayson Jamie accelerating pace outside the -- two nations. And though the big thing which is a -- -- close it wasn't just one side -- -- -- that money touching -- citizens which fell slightly back to construction. -- means there's like ten halted on GDP could face the stock nation just 112 quarter for full year GDP for the -- as a full unit I'm with trucking we've seen the opening -- fiscal two -- -- looking about know -- fox censor if you can sustain not. We could be seeing some things behind not -- point 5% maybe pitching Oprah's personal point seven but he got. Very early to slow things like next time to such cuts Crimea. We -- -- he's gonna hit so men and the outlook is still that Gibson. What -- -- thanks -- that rob Dobson from market that's it for me I'm axle problems 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: French sick man gets sicker

Thursday, May 22, 2014 - 03:45