Aahhhh Brad Setserillä on ollut hyvää settiä tuosta, kiitos nostosta!
Aiheesta kukkaruukkuun, S&P Globalin Euroopan ostopäällikköindeksit elokuulta julkaistiin tänään. Periaatteessa hyviä lukemia, mutta käytännössä näkymät sakenivat, teollisuuden taantuma jatkuu ja esim. valopilkkuna olleet Ranskan palvelulukemat saivat lisäpuhtia Olympialaisista. :S
Hyvä puoli on se, että hintapaineet laskevat. EKP pääsee laskemaan lisää korkoja.
"Commenting on the flash PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “At first glance, this looks like a pleasant surprise: activity in the Eurozone picked up in August. But a closer look at the numbers reveals that the underlying fundamentals might be shakier than they appear. The boost largely comes from a surge in services activity in France, with the Business Activity Index jumping by almost five points, likely linked to the buzz surrounding the Olympic Games in Paris. It’s doubtful this momentum will carry over into the coming months, however. Meanwhile, the overall pace of growth in the services sector has slowed down in Germany, and the eurozone’s manufacturing sector remains in rapid decline. “It’s a tale of two worlds. The manufacturing sector remains mired in recession, while the services sector still appears to be growing at a decent clip. But with the temporary Olympic boost in France fading and signs of waning confidence across the Eurozone’s service industry, it’s likely only a matter of time before the struggles of the manufacturing sector start weighing on services too. “Manufacturers raised their selling prices for the first time since April 2023, a response to three straight months of rising input costs. Despite weakening demand, firms seem to have had little choice but to pass on some of these higher costs to customers. On the bright side, this suggests there’s still some pricing power in the market. "
https://www.pmi.spglobal.com/Public/Home/PressRelease/0232066d48be4862af2d209c9cc82a95
Myös euroalueen palkkojen kasvu hidastuu.
Kaikki data alkaa puhua sen puolesta, että euroalueen heiveröinen elpyminen on hapertumassa käsiin. Koronlaskut tulevat kreivin aikaan.