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PMI show France at risk of recession – Markit

Monday, June 23, 2014 - 03:13

June 23 - June flash PMI data from France showing contraction puts it at risk of a second-quarter recession, says Rob Dobson from survey compiler Markit.

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President's private sector expansion unexpectedly saw those markets composite PMI forty to 52 point eight in June from -- 63 point five we've both been dominant service industry and manufacturing dropping. With me is rob Dobson senior economist market which compiles figures -- -- many thanks for coming in I'm you know. That's right it where it was still leaking out some growth let us -- -- -- Exactly and also if you take the average of the beatings they've in the second close a hole what was seeing is probably the best quarter for around about three years ago. Not thought about when you look at it and even the quote is a whole public because dongle point 4% which is new treatment. However that whether it considered many will be is there isn't it you to have Clinton is coming down the second successive months. We've seen good could this quarter but some signs of momentum is being lost how much of that drop headline figure was out of -- There was a unit that touches a big issue again it's got renewed contraction that puts its to start mentioning -- won't. Puts it this can possibly get it back into recession Lleyton yet but not quite there yet responsible. You know we saw it isn't asks this but this month coming down for more -- many levels but Gemini will system Jimmy -- which plates on the year headline number -- well a little bit. Whether real could use walls that trophy and as we want to see some good players coming out talk -- -- base expansion outside the -- two economies. But at the essence about 2007 yeah. It's all about for -- it's eight the F how much momentum as -- as that growth -- that you think -- yes we coming from a low base but sat. -- -- -- -- I would think it's a staple it got to supposed to big issue we've got to see that is. But look those countries to gang Alatas and expo could not -- certain domestic markets and what -- assisting assisting two of the biggest trading partners who found its. Backing contraction Jim any change signs of slowing. So hopefully. What we might see some of -- SE CB and it changes in the policy recently we've seen you wouldn't cost you -- from these figures. Rising at the fastest pace in three years without continues to folks into fifth we will continue to do well. If they become reliant on trade with -- Jimmy got might not be -- some signs of price inflation some sort of atrocity religious debate goodies ECB is what they wanna say. Was seeing -- input costs rising to assist cause I'm the fist time in a few months that manufacturers. Some of us still priced coaching three some of us police to Hewitt but it got. The start seeing inflation -- Barack needs to be replaced -- saying activity. -- and Q2 GDP Theo says hold up but no point full -- probably coming in but it just below the stagnation mark. Germany's assertive on -- point seven. And and just sort of shocked you is your headline message seems to be where we started the week -- it was still growing list of leaking out these gains in the -- which is opposed to story. Still seeing good stuff posted we still bit concerned about targeted to assist Muslim City Council goes quickly we should see things coming up towards the end of next attention target from many thanks for that rob Dobson. Aftermarket a closer analysis of Japanese PM I would rob available on the bond -- yet Reuters web site Reuters Insider. And social media and -- -- -- of this is rice's.

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PMI show France at risk of recession – Markit

Monday, June 23, 2014 - 03:13