Dominique Barbet
Dominique Barbet
confirm figures indeed recovery
These figures confirm that the recovery is indeed happening.
christmas correction data explain five impact poor possible reported retailers strong
A possible explanation is that the data correction is overcorrecting the impact of the five Saturdays in December, which would explain why the data is poor when the retailers reported strong Christmas sales.
consumer durable ensure improving situation spending
The consumer spending situation is improving in Europe; that's what we need to ensure durable growth.
ahead restraint
This can be attributed to the slowdown and restraint ahead of the euro.
clear industry june recovery signs terms
It was very clear that industry was lagging behind, especially in terms of export-driven growth. In June we have signs of some recovery and I think this will continue.
drop employment french improvement increases pointing reflecting slow
We have had an improvement in the French economy, pointing to an improvement in employment too. We will have a slow drop in unemployment, reflecting slow increases in employment.