USA- Strong ISM indices: change in regime or catch up?
In July the two ISM indices jumped strongly erasing the weak period seen from February to June 2013. The manufacturing index was at 55.4 in July versus only 50.2 on…
Le blog de Philippe Waechter
Just published last week – Three charts to characterize the Euro Area and allow to answer the question: Is Euro crisis over?
Three statistics that have been published in the week between May 12 and May 19 characterize the economic situation in the Euro Area. First it is the GDP growth number…
France – Low growth is a drag on employment
The number of jobs in competitive sectors dropped by -0.1% during the first quarter of 2013. 20 300 jobs have been lost. The chart below shows that employment profile is not…
GDP profile for France and Germany at the end of the first quarter 2013
Even if GDP growth number is positive in Germany and negative in France, GDP profile lacks of momentum in both countries. A detailed analysis will come later during the day…
France: Public Investment to change Business Cycle Profile? The government proposal
Last Sunday evening Jean Marc Ayrault, the French Prime Minister, was on television to announce that his government will put investment at the first rank of its short run targets in…
Five Charts that characterize the World Economy Momentum
The world economy is on a weak growth trajectory. Expectations are always too positive and the recurrent downward revisions of its global forecasts by the IMF are problematic. Fives charts…
United States versus Euro Area: A Chart that shows the Difference
Economic recovery in the United States came from internal private demand. Deleveraging was key for households but they continue to consume. Companies have increased their investments. Each was able to…
United Kingdom – Better than expected GDP figure but the trend is still weak
This morning in the United Kingdom the good surprise was the higher than expected growth figure. During the first quarter, GDP was up by 1.2% at annual rate and by…