Economic Weekly – Views from Paris February 23, 2015

Publié: 25 février 2015 dans Economie, Informations générales, Réflexions

Philippe Waechter's blog

The complete document in pdf format is available here
Economic Weekly-February 23, 2015

Key element of the week starting February 16

In February, in the Euro Area, companies and households have sent a positive message on their expectations. Confidence indices were up for both. The PMI/Markit index is at its highest level since June 2011 and the European Commission Consumer Confidence index has never been so high since September 2007. Two points to be noticed: constraints are not binding as strongly as they did. This is related to lower euro, lower rates and lower oil price in the Euro Area. Every economic agent has more capacity to adapt to its environment and to make arbitrage. The other issue is that uncertainty on Greece and anxiety linked to Ukraine haven’t had impact on companies and households’ behavior.

The PMI/Markit index has a profile which is consistent with GDP quarterly growth and…

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