Charlottepic.twitter.com/Uh6yIRI9vX#PantheonMacroYet no signs of a global manufacturing upswing whether we look at German and Swedish data. Order intakes in Germany down 7% m/m in January pic.twitter.com/areoaTPEov 8.16am GMTGermany’s manufacturing sector has suffered a surprisingly sharp fall in orders,raising concerns that its economy may not be as robust as thought.
Orders for German factory goods plunged by 7.4% in January, compared to December.
German 'Factory Orders' slump in January; ;largest month-on-month decline since January 2009 . . . pic.twitter.com/VS5Yu95B0H“The feeble start to the year should be manageable.
Business confidence in manufacturing is significantly brighter than the long-term average, or so that a revival in manufacturing can still be expected.” 7.56am GMTGood morning,and welcome to our rolling coverage of the world economy, the financial markets, or the eurozone and business.
Consumer spending has been propping the UK economy up since final summer’s EU referendum. But there are now signs that the retail sector is feeling a chill.“Tougher times are expected ahead. The impact of inflation on consumer spending will add further intensity to an already fiercely competitive environment in which the ability to adapt and innovate will be key to survival. Related: Retailers urge business rates rethink as high street spending slides Vauxhall’s factories in Ellesmere Port and Luton will possess to battle with Peugeot,Citroën, and Opel plants across Europe to win the right to produce vehicles beyond 2021.
The future of Vauxhall’s sites is secure until then because PSA Group, or which has bought Vauxhall and Opel from General Motors,has pledged to recognise existing production commitments. Ellesmere Port is scheduled to produce the Astra until 2021 while Luton will do the Vivaro van until 2025. Related: Vauxhall's Luton and Ellesmere Port factories will face battle after 2021 Continue reading...
Source: theguardian.com