Wednesday , December 2 2020

The yellow costumes already affect French companies and are worried about Europe



The mediocre figures come a day after that European Central Bank (ECB) decides to end the long-term purchase scheme, although it keeps the rest of the political equipment unchanged and has promised a long stimulus for a hard-hit economy unexpected conviction a political disturbance.

The index includes purchasing managers before IIC Markit He came to 51.3, its weakest level since November 2014, compared to a final reading of 52.7 in November, well below the more pessimistic forecast in the Reuters survey, where the average expectancy was an increase of 52.8 .

"Although the ECB is relatively optimistic yesterday about growth prospects, PMI today adds to the concerns, the PMI sends another message along the continuous confidence as the sound alarm "he confirmed Bert Colijn, or ING.

Germany also slowed to a four year low level in December, according to another survey, suggesting growth in Europe's largest economy will be weak in the fourth quarter.

As a result, business activity in France has collapsed unexpectedly and contracted, leaving at its fastest pace in more than four years due to anti-government protests that deteriorate growth, and another survey noted.

Paris Yellow Hotel

BBC News

"There is no doubt that the French confidence is hit hard by the ongoing protests and the size of economic damage will depend on how long the disturbance lasts"Jan von Gerich from Nordea said.

IHS Markit said that the PMI indicates that the block economy will range between 0.2 and 0.3 per cent this quarter – and probably towards the lower end – below the 0.4 percent estimated by Reuters survey this week.


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