Chris Williamson
Chris Williamson
cautious clearly companies compared course entering expected growth led marketing mood originally recent sales slower spend year
Slower than expected sales growth over the course of the year led to a trimming of marketing spend compared to that originally budgeted for the year. Companies are clearly entering 2006 in a more cautious mood than in recent years.
costs despite forcing high hitting oil orders output prices seeing shedding workers
High oil prices are hitting costs and forcing manufacturers to look at how they can streamline their operations. Manufacturers are still shedding workers despite seeing output and orders increase.
cause central concerns corporate european great
That's great for corporate profitability. It will cause concerns for the European Central Bank, however.
book given height hoping number order output stronger
Especially given the height of the output and order book indicators, you would be hoping for a stronger (employment index) number than that.
dependent euro exports hold key moment
Things are very much dependent on exports at the moment and the euro may hold the key to Italy's performance.
increased last overseas saw signs spending uk
As we saw last month, there were signs of increased overseas spending on UK services.
employment faster five levels purchasing rates rising seen
It's not just one index improving. We've got output, new orders, exports, employment and purchasing all rising at faster rates and all at levels not seen for over five years.
promising quite unusual
This is quite unusual and it's a very promising result.
cooling demand evidence export global hitting oil suspect
Primarily, we suspect this is an oil price-induced global downturn that is hitting export growth. Secondly, there has been some evidence of demand cooling in China.
hard
It's hard for me to describe. If I could tell you what I couldn't see then I would see it.
above business euro improvement level marginal zone
The euro zone manufacturing PMI was just above the 50.0 level signalling a marginal improvement in business conditions,