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Bullish industry lifts eurozone confidence
JICWyllie
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10-29-2009 2:31 PM
15 views
tags:
1-confidence
,
2-increase
,
3-reported
,
4-eu
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2d281568-2930-4614-9039-bd775760062d/3369B8D1-3F51-4397-9B1C-F756752F22F3/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.ft.com/cms/s/0/4676a7bc-c480-11de-912e-00144feab49a.html" href="http://www.ft.com/cms/s/0/4676a7bc-c480-11de-912e-00144feab49a.html" style="font-size: 11px;">www.ft.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/4676a7bc-c480-11de-912e-00144feab49a.html"><P><A href="http://www.ft.com/cms/s/0/4970d718-ace2-11de-91dc-00144feabdc0.html" title="Financial Times - Pace of eurozone recovery slows" class="bodystrong">Eurozone economic confidence</A> rose for the seventh consecutive month, beating market expectations and rising to its highest level in more than a year.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/4676a7bc-c480-11de-912e-00144feab49a.html"><P>The European Commission’s <A href="http://ec.europa.eu/economy_finance/db_indicators/db_indicators8650_en.htm" title="European Commission - Economic and Financial Affairs - Economic Sentiment Indicator continues its upward march" target="_blank" class="bodystrong">“economic sentiment” indicator</A> jumped from 82.8 in September to 86.2 this month, an unexpectedly large increase after sluggish growth last month.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/4676a7bc-c480-11de-912e-00144feab49a.html"><P>The indicator remains below long-term averages but has now surged by 22 points since its March trough, the largest half-year rise since the series began in 1985.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/4676a7bc-c480-11de-912e-00144feab49a.html"><P>Most eurozone states contributed to the improvement, notably Italy (up 3.8 per cent), Germany (3.4 per cent) and France (3 per cent). Separately, the UK rose 3.2 per cent.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.ft.com/cms/s/0/4676a7bc-c480-11de-912e-00144feab49a.html"><P>The bulk of the improvement came from bullish sentiment in industry, with production expectations much higher than in previous months. Factory utilisation rates, which had declined for six consecutive quarters, were slightly higher.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/3369B8D1-3F51-4397-9B1C-F756752F22F3/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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