Chris Williamson
Chris Williamson
cause central concerns corporate european great
That's great for corporate profitability. It will cause concerns for the European Central Bank, however.
bear becoming cost extra keen staff
(This) suggests a sustainable upturn with firms becoming increasingly keen to take on more staff and bear the extra cost burden.
costs despite forcing high hitting oil orders output prices seeing shedding workers
High oil prices are hitting costs and forcing manufacturers to look at how they can streamline their operations. Manufacturers are still shedding workers despite seeing output and orders increase.
business companies france german italy output prices remaining subdued suggestion therefore winning
In Germany, output prices are remaining very subdued and it's a suggestion that German companies are being more competitive than companies in, say, France and Italy on price, and therefore winning more business abroad.
employment faster five levels purchasing rates rising seen
It's not just one index improving. We've got output, new orders, exports, employment and purchasing all rising at faster rates and all at levels not seen for over five years.
cautious clearly companies compared course entering expected growth led marketing mood originally recent sales slower spend year
Slower than expected sales growth over the course of the year led to a trimming of marketing spend compared to that originally budgeted for the year. Companies are clearly entering 2006 in a more cautious mood than in recent years.
increased last overseas saw signs spending uk
As we saw last month, there were signs of increased overseas spending on UK services.
above business euro improvement level marginal zone
The euro zone manufacturing PMI was just above the 50.0 level signalling a marginal improvement in business conditions,
add below chance cut level overall rate shows survey
The overall PMI shows we are still in rate cut territory. But the PMI has been below this (current) level and the ECB has not cut rates, so this survey on its own will add little to the chance of a rate cut.
hard
It's hard for me to describe. If I could tell you what I couldn't see then I would see it.
again although buck continues france increasing trend
France once again continues to buck the trend although there is increasing divergence.