some good information of the leading European economies. A significant revival in the industrial sector it’s a fact, slightly worse – although still wzrostowo – writing services.
In the framework of the European review of the preliminary readings of PMI indicators, traditionally on the first fire, went to France. Over the Seine manufacturing PMI true, fell from 53.5 points in December to 53.4 in January, but the result of this was Yes, better than analysts ‘ expectations (53.2 points).
much better had the service sector where the index rose from 52.9 to 53.9 the item points and was the best since 19 months. As a result the overall score (composite) amounted in January to 53.8 points versus 53.1 points in December. This is the best result 67 months, that is since June 2011.
- the Latest data show that the French private sector in January grew a solid pace. Revival has a wide base, which is seen as the sector industrial and maintenance. Reaction to the increased demand affects the market labor, with the largest job gains since December 2011. – wrote in comments on Alex Gill, economist at IHS Markit.
an Even better state of the industry was observed in Germany. In the sector production Europe’s largest economy, the PMI was recorded about 56.5 vs 55.6 points in December and the expectations at the level of 55.4 points. Specified today maximum 36 months. In turn, services PMI our Western neighbors amounted to 53.2 points., what can be read as a profession, given the result of the Dec (53.7 points) and market consensus (53.9 points).
Data from Germany showed the excellent physical shape of the two segments of the sector private. While the industry is accelerating in response to the high demand of internal and external services decreased by deceleration. It may bother you, however, the company remains optimistic about the future and increase hiring – said in a commentary, ” Philip Leake, economist at IHS Markit.
the Data of the two largest economies in the EU could not remain without influence on the PMI reading for the entire currency Union. Industrial average (55.1 vs 54.9 per item in the December) has reached the highest level of 69 months, while the service index (53.6 vs 53.7), a bit decreased. Analysts had expected respectively of 54.8 points in industry and 53.9 points in service.
special attention deserves the highest since February 2008. read subindeksu employment, which augurs well data on the unemployment rate. It should also pay attention to the highest since may 2011. the price pressure that is associated with the return in Europe, inflation (as due to the increase in raw material prices and the weakening of the euros). According to economists at Markit, the latest reading of the PMI promises that GDP growth in the Eurozone will be 0.4 percent per quarter.
the Current data is only preliminary, based on the results of 85-90% monthly polls transmitted by managers of logistics and develop the company research at Markit.
PMI (Purchasing Managers Index). Index of Logistics Managers) is formed on the basis of anonymous surveys conducted among managers companies. Respond to them on questions relating to such matters as ordering, employment, payment, price or promotion. This value is considered as an indicator of life. Accepts values from 0 to 100 points, with higher than 50 points. this means that the sector is evolving, a decline indicates a worsening situation.
In the coming weeks will move publication of data on GDP growth in the fourth quarter (and all of 2016.) in some European countries. The first report that economists will share UK (26.01), then the time will come to Spain (30.01) and Poland (31.01 – data for all of last year), and on the last day of January, Eurostat to provide information across the Euro area and the EU.
Another review of the PMI, in which readings for a wider range of countries (including Russian) will 1 Feb.
Michael Żuławiński
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