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German PMI shock raises recession risk

Monday, April 23, 2012 - 03:29

April 23 - An economic shock from Germany, as the manufacturing sector falls deeper into recessionary territory in April. This raises fears the euro zone's primary source of growth could slide into recession.

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The latest German PMI numbers aren't just -- and as you can see he got up maybe a major out Mossad shot. On the manufacturing sites 46 point three in April down from 48 point four slightly deeper into contractually territory. Well below expectations better news on the set his -- 52 point six from 52 point one I'm beating expectations. Well to discuss those numbers I'm joined by market economist rob Dobson. All the -- five tournament if you show should be be thinking the unthinkable. Is generally heading into recession. Well -- com. Some figures that at fifty -- I'm not saying slightly put up fifteen and change talk to Jim he's really walking up time it just a book about contraction level. -- infection particularly weak and given the importance of money touching to Jamie to Jim and graphics Brussels and wait for -- to -- to hat. But also other index of such as and you expose index that we can expose managed to -- makes Jim and employment. And test on will continue to -- show -- -- -- -- -- well still though few in the fall when looking indicators. You of those laws employment. Well the area -- -- -- near exports and close very old standout. New business fully schalken manufacturers which is reflected not say had to line up to its index out hopefully for the fist time you today it's. New business to service providers dots closer stagnation -- have a problem for citizens to grace just -- holdings to -- fifty. But -- -- good food but it cannot point how about you expose index still very sharp but importance to immigrants. And what we're seeing is really chimneys and having problems exposed to particularly -- new -- Take recent European dusty is silence of the weeks and fifty cent to hit the code that most. So how do you account for the difference between the sets his sights on them in front. Well -- is set to -- has much less of -- -- quickly placed sextet. And again it's not a big export them when I was seeing and touching being -- -- particularly -- this expo this content -- -- today with the China him. We salute that wasn't country signaling him to cannot stronger that. Now this might fights and -- a big -- for Marcus. How does that tally had a square with what we've seen from the peaceful understated W puts continue to be expectations and signal expansion on the idea tonight that it. -- -- Politics is still certainly expansions at fifty point not comps about the book. And even with TI federal I think people talk about six consecutive month give us those posts have this because it's and at what point woman you mussina and -- new excitement. But these sort of indicates his teeth into emotional sentiment thanks for us to manufacture. -- -- -- -- -- -- -- -- -- And so for myself I put a bit more faith -- -- -- -- -- PMI action which takes -- to my final question if you know abuses such -- much hitting -- Do you take visiting W I should you or do you take that few months. But Ted PMI Stephanie is the best indicator of what's happening in their actual real economy again does that need to read this tentative that's sentiments that. -- and trading for the kind of notice sanctions that sentiment OK well thank you very much my finds that to help solve problems and from dates up provides up market. Us all from -- the most I'm Jamie to give up this is what's.

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German PMI shock raises recession risk

Monday, April 23, 2012 - 03:29