Europe heading into recession
Discussion
isaldiri said:
Hardly a surprise is it? US manufacturing ISM has went below 50 and the non manufacturing number had a big miss last time. Poor german pmi is neither here nor there in holding up hope for the imminent collapse of the EZ... 
US election likely to have a bigger effect on EU economy, Trump looks like he's odds on for re-election. Not so good for Trade War prspects. Goes the other way, could be a BIIIIIGGGGG weight off. Opinion of course. amusingduck said:
jsf said:
stongle said:
German PMI for Oct comes in @ 51.2 Forcast is 52. Quite an undershoot. Evidently employment in Industry has slumped (but no number yet so treating as anecodotal) - HOWEVER, if there is a reduction (and this spreads) - it's playing into the IMG's growth caveat for Global GDP increase *basically growth is powered by employment and wage inflation).
France out performed, but looks like ywllovest type stimulus.
Interesting times.
That's service sector PMI, the more important for Germany manufacturing sector PMI is 41.9. That's seriously bad!France out performed, but looks like ywllovest type stimulus.
Interesting times.
t! Isn't a PMI score of 50 effectively "no change"?
It was also the worst reading for service PMIs among major advanced economies in September.
Combined with even weaker manufacturing and construction surveys this week, September’s all-sector PMI sank to 48.8 from 49.7, its lowest since the month after the referendum decision to leave the EU in June 2016, and before that 2009.
IHS Markit said the figures suggested Britain’s economy shrank by 0.1% in the three months to September.
“Coming on the heels of a decline in the second quarter, (this) would mean the UK is facing a heightened risk of recession,” IHS Markit economist Chris Williamson said.
Maybe we are part of Europe?
Fittster said:
September’s IHS Markit/CIPS services Purchasing Managers’ Index (PMI) fell by more than any economist predicted in a Reuters poll, tumbling to a six-month low of 49.5, below the 50 level that divides growth from contraction.
It was also the worst reading for service PMIs among major advanced economies in September.
Combined with even weaker manufacturing and construction surveys this week, September’s all-sector PMI sank to 48.8 from 49.7, its lowest since the month after the referendum decision to leave the EU in June 2016, and before that 2009.
IHS Markit said the figures suggested Britain’s economy shrank by 0.1% in the three months to September.
“Coming on the heels of a decline in the second quarter, (this) would mean the UK is facing a heightened risk of recession,” IHS Markit economist Chris Williamson said.
Maybe we are part of Europe?
Of course we are a part of Europe and shall always remain so. The geography isn’t changing any time soon...It was also the worst reading for service PMIs among major advanced economies in September.
Combined with even weaker manufacturing and construction surveys this week, September’s all-sector PMI sank to 48.8 from 49.7, its lowest since the month after the referendum decision to leave the EU in June 2016, and before that 2009.
IHS Markit said the figures suggested Britain’s economy shrank by 0.1% in the three months to September.
“Coming on the heels of a decline in the second quarter, (this) would mean the UK is facing a heightened risk of recession,” IHS Markit economist Chris Williamson said.
Maybe we are part of Europe?
amusingduck said:
Isn't a PMI score of 50 effectively "no change"?
It is a point of discussion, if slightly O/T.PMI above 50 indicates managers see 'some' growth.
Given that, technically, recession is zero or lower growth, some analysts see 50 as a bad number.
Truth is, it's probably shades of grey, but anything below 50 is unarguably bad, whilst you can argue where the threshold of good begins, but it's above 50, somewhere.
jonmiles said:
loafer123 said:
jonmiles said:
Just noticed that the first post on this thread is coming up for 10 months ago - has Europe gone into recession yet?
Yes.Mainstream media does not want to call it what it is, yet:
https://www.theguardian.com/business/2019/oct/24/g...
https://www.telegraph.co.uk/business/2019/10/24/ma...
Digga said:
Bundesbank is pretty straight about it: https://www.thisismoney.co.uk/money/markets/articl...
...
Dont panic. Q4 should include my order from Mahle. They'll bounce right back! ...
fblm said:
Digga said:
Bundesbank is pretty straight about it: https://www.thisismoney.co.uk/money/markets/articl...
...
Dont panic. Q4 should include my order from Mahle. They'll bounce right back! ...
Well if OPC hadn't stopped selling the motorsport diff ramps, I'd have ordered from Germany earlier this year too. As it is, the money went to GT in the USA.
Is this the conversion you mentioned previously or another?
Murph7355 said:
fesuvious said:
jonmiles said:
Just noticed that the first post on this thread is coming up for 10 months ago - has Europe gone into recession yet?
10 months isn't long.2x quarters of decline's needed to count, so that's 6mths
Digga said:
hehe:
Well if OPC hadn't stopped selling the motorsport diff ramps, I'd have ordered from Germany earlier this year too. As it is, the money went to GT in the USA.
Is this the conversion you mentioned previously or another?
New one. 3.4 turbo Well if OPC hadn't stopped selling the motorsport diff ramps, I'd have ordered from Germany earlier this year too. As it is, the money went to GT in the USA.
Is this the conversion you mentioned previously or another?
Carillo in the US got some $ too!Edited by anonymous-user on Friday 25th October 16:00
fblm said:
Digga said:
hehe:
Well if OPC hadn't stopped selling the motorsport diff ramps, I'd have ordered from Germany earlier this year too. As it is, the money went to GT in the USA.
Is this the conversion you mentioned previously or another?
New one. 3.4 turbo Well if OPC hadn't stopped selling the motorsport diff ramps, I'd have ordered from Germany earlier this year too. As it is, the money went to GT in the USA.
Is this the conversion you mentioned previously or another?
Carillo in the US got some $ too!Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff