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RSS FeedsFrench and German company growth surges despite political uncertainty - business live
(The Guardian Greece)

 
 

21 february 2017 10:11:43

 
French and German company growth surges despite political uncertainty - business live
(The Guardian Greece)
 


All the day´s economic and financial news, including reaction to last night´s Greek agreement, new UK public finances, and Bank of England governor Mark Carney at parliamentLatest: France´s private sector growth hits 69-month highThe agenda: UK public finance at 9.30am 9.08am GMT Boom! Company growth across the euro area has hit its fastest rate in almost six years, thanks to the pick-up in France (details) and Germany (details)Euro area composite PMI at a 6 year high, job creation at a 9 1/2 years high.Euro zone flash composite PMI for February is 56.0, best since April 2011. pic.twitter.com/7lI1hvRbXQ 8.59am GMT Here´s Kit Juckes of French bank Société Générale on today´s eurozone growth figures:France´s composite flash PMI came in at 56.2 this month - and Germany´s came in at 56.1 - providing further evidence of the European growth acceleration that will give the Euro wings when or if it can get free of its political shackles.... 8.51am GMT Greek bonds are strengthening this morning, following last night´s agreement to talk about additional economic reforms in return for bailout cash.The yield on Greece´s two-year debt has dropped to 8.8%, down from over 9.3% yesterday. That means it is seen as less risky, but still quite risky. 8.41am GMT More encouraging news! Germany´s private sector is enjoying its best month in almost three years.German manufacturing growth rose to a 37-month high this month, says Markit, while service sector growth hit a 3-month high.`The flash PMI results for February signalled the strongest growth of the German economy for just under three years, with manufacturing in particular expanding at a marked pace and services recovering the momentum lost at the start of the year.Moreover, the new Future Output Index is signalling strong confidence among firms, reaching a new high since its inception in mid-2012. 8.30am GMT Economist are applauding the news that French companies have reported such solid growth this month.Capital Economics are ...


 
4 viewsCategory: General > Europe > Greece
 
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Eurozone company growth surges, but French bonds hit by Le Pen fears - business live
(The Guardian Greece)
 
 
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