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**Eurozone sees 'burst of activity' in September**

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    **Eurozone sees 'burst of activity' in September**

    oh dear... PM May better get another speech ready. Perhaps this time in Munich with a €80 billion offer.

    Don't you just hate it when the competition runs away from you rather than being part or it?

    The eurozone economy ended the third quarter of the year on a strong note, a survey has indicated.

    The IHS Markit composite purchasing managers' index (PMI) suggested private businesses grew faster than expected in September.

    It said manufacturers had enjoyed their best month since early 2011.

    Chris Williamson, chief business economist at IHS Markit, said: "The eurozone economy ended the summer with a burst of activity."

    Business activity during September saw one of its strongest gains for the past six years, the survey indicated.

    The "flash" PMI reading for September - which is based on about 85% of replies to the survey - rose to 56.7 from August's reading of 55.7. A reading above 50 indicates growth.

    The manufacturing sector saw the biggest rise in employment in more than two decades, IHS Markit said, adding that the signs were that the next quarter would register strong manufacturing growth as well.

    The survey also found that the pick-up in business activity had been accompanied by rising price pressures, with input cost and selling price inflation accelerating for the second month in a row.

    It pointed out that the rise in business activity and inflationary pressures would fuel expectations the European Central Bank will, as has long been awaited, start to rein in its asset purchase programme.

    The ECB is currently buying 60bn euros (£55bn) of bonds a month as part of its quantitative easing programme.

    Earlier this month, the ECB raised its eurozone economic growth forecast for this year to 2.2%, the fastest in 10 years and hinted it could start trimming asset purchases next month
    source: Eurozone sees 'burst of activity' in September - BBC News
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

    #2
    why don't you give it a rest short dick?

    Comment


      #3
      Originally posted by BR14 View Post
      why don't you give it a rest short dick?
      Perhaps you should try engaging your brain cell with the points being made?
      It's not as if us Remainers particularly like Scooter either - we think he's a dick, but we don't blame the messenger, which is what thickos do.
      Hard Brexit now!
      #prayfornodeal

      Comment


        #4
        Originally posted by scooterscot View Post
        oh dear... PM May better get another speech ready. Perhaps this time in Munich with a €80 billion offer.

        Don't you just hate it when the competition runs away from you rather than being part or it?



        source: Eurozone sees 'burst of activity' in September - BBC News
        I though quantitative easing was a bad thing?.

        Also is it all of the euro zone? How's Greece etc are they booming?
        Last edited by original PM; 23 September 2017, 09:19.

        Comment


          #5
          Originally posted by sasguru View Post
          Perhaps you should try engaging your brain cell with the points being made?
          It's not as if us Remainers particularly like Scooter either - we think he's a dick, but we don't blame the messenger, which is what thickos do.
          twat

          Comment


            #6
            Originally posted by original PM View Post
            I though quantitative easing was a bad thing?.

            Also is it all of the euro zone? How's Greece etc are they booming?
            yeah

            Greece on brink of return to sustainable growth, economists believe 
            I'm alright Jack

            Comment


              #7
              I hope so. The EU put them through hell...

              Comment


                #8
                Originally posted by bobspud View Post
                I hope so. The EU put them through hell...
                Yes because the Greeks were not responsible for splurging on free money without a second thought as to how it would be repaid. (UK fiscal policy for the past 20 years)
                "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                Comment


                  #9
                  UK is not, has never been, and never will be, in the Eurozone.
                  Taking a break from contracting

                  Comment


                    #10
                    Originally posted by scooterscot View Post
                    Yes because the Greeks were not responsible for splurging on free money without a second thought as to how it would be repaid. (UK fiscal policy for the past 20 years)
                    With the help of the usual bankers, the EU fiddled with the figures to make them look responsible instead of a basket case and they joined the EU in neither the right state of mind or with financial restructuring done. What could have been done in twenty years was forced in ten...

                    Comment

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