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German PMIs: Services boom, factories cool

Thursday, May 22, 2014 - 03:34

May 22 - Germany’s service sector booms, but manufacturing expansion eases off. Live coverage and analysis of the latest flash PMI numbers with Markit’s Rob Dobson.

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-- flash PMI numbers Alice and could that be a warning light sap thrashing for the Euro zone's biggest export to the manufacturing index down. To 52 point nine from 54 point one a month -- services are on the up though they look very good indeed joining me tell us what it means. Senior economist rob -- government takes -- -- marketed to these numbers together. Services and -- -- that close to a three year hardy. I mean these strong number. Thanks for numbers as you say serious this growth. Three year high new business also signaling that it could stents put in place new business this suggests that the chairman domestic markets holding really well aren't. It -- byproduct of the end. Does have a strong labor market and the -- expansion -- in manufacturing -- and it doesn't look too back I guess and as I say the the an expanding number is -- should we be concerned at all about us -- I wouldn't be -- consent obviously. We take account seasonal variations but it it is supposed supposed to some timing of Easter coming into some of the results on not. Every did senior -- because -- slowing slightly which could be fifteen years. It as such as what was so for naught east -- numbers this morning maybe that Asian markets have been slow it. But it got money touching continue to expound -- to its country strongly touch him in GDP number it. And -- is taking on some of the F slot things slowdown in manufacturing. April. Columbus avenue image GDP what what what are you what are you saying algae -- What was saying this is seeing with index tracking will be sought to assist in the it was seeing the neither of us public and -- come close -- no point eight cents. Maybe just a little bit Lola which is in line with what the it's him and authorities and a lot of the full cost as a scientist somewhere between. No point 72 admiral and it's just looking like it. -- expectation of course is that the ECB's can make a move my arm. Do is that your expectation. And to what extent will lap. -- the Euro eased off a little bit to what extent and how wrong to think about easing will loss and how long to thing that's gonna benefit German exporters. I think what was seen here's a finger I think that she's the Steelers can be good -- Jim unexposed to us. Yes it. They're the biggest on some measures -- second biggest exports and we'll send anything that helps not that will be coach Davis some not easing in the right school dismissal this month. The ECB -- associated haven't softening the grounds towards the -- optional questions going to be just how aggressive this option. And the president is looking like it might not be too aggressive but Afghanistan is his policy -- -- thing if it's. If they take -- -- to approach that people must think it's going to be you know it's it's such a -- it's the conditions. -- think it's your fault you might think things with so I think they might just take it the middle of the country. British over the middle I know you're on FX analyst let's -- strategists did. That does anyone really expect this tactic to keep the Euro and check in the long run. I think a lot of the poll -- distinguish -- fix -- was except it's not just what PCP does but also what you expect those. Until we see how they meet people would. It's difficult to say what outlook has brought but it -- that rob Dobson after market. That's it for now join us again at nine London time we'll have the Euro zone PMI numbers life. -- -- --

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German PMIs: Services boom, factories cool

Thursday, May 22, 2014 - 03:34