PMI Data UK Up, Eurozone Down

December services PMI numbers are out, for the UK it was 51.2, compared to 50.4 in November; estimates were for 50.7. So the UK surprised on the upside and is rising…

In the Eurozone the number was also 51.2 compared to 53.4 in November, with Germany at 51.8 (November was 53.3), France dropped significantly to 48.7 (November 55.1). European optimism about the economy is declining..

The UK economy grew 0.6% quarter over quarter in Q3 which makes for annual growth of 1.5%. The French economy grew 0.3% quarter over quarter in Q3 which makes for an annual increase of 1.4%. They’ll want to keep that cross channel trade flowing…


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Quote of the Day

Emmanuel Macron comes over all euro-sceptic…

“We ended the day on what we can call a failure. It’s a very bad image we are giving of the Council and Europe, no one can be satisfied with what happened over so many hours. Our credibility is profoundly tainted with these meetings that are too long and lead to nothing, we give an image of Europe that isn’t serious. We cannot hold talks with world leaders, in an ever more violent world, and be a club that meets at 28 without ever deciding anything.”

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