Economic stimulation This was stagnant in April, as the latest business tensions hit the service sector, undermined the fragile confidence in the volume recovery path. Managers made the code The purchase of the most protected indicator of private sector health (BMI) is 50.1 in April, under the consequences of 50.3 compared to March 50.9. This figure was below 50.0 gate, below the consensus expectations.
FigureSlightly above the gate of 50.0 that divides the growth of the wrinkle, Suggests the stagnation of the economy The volume at the beginning of the second quarter. The results of April were distinguished between the slightly rising manufacturing sector and a service sector. The BMI code of the services is less than 51 to 49.7 points, First fall in five monthsProduction rose to 48.7 points, more than 47.5 points.
The studies were recorded A strong slope of business hope Throughout the Euro region, it fell to its lowest level since November 2022 and was less than the average of the series. The decrease was widespread, which affects the manufacturing sector and services, and is clearly visible in most of the major economies of the europo Alert In the context of geopolitical and business uncertainty.
Payment worries affect German services but the manufacturing sector continues to oppose
In Germany, the industrial heart of the euro regionBusiness activity retreated after a three -month expansion. The German compound fell from 51.3 in March to 49.7 in April. Services met more transparent The BMI of this sector was demolished 48.8, from 50.9 to 50.3 expectations.
Service Suppliers quoted Uncertainty related to fees And undoubtedly the customers. “The concern for fees and economic perspectives has usually made decisions in making decisions -the restriction of costs,” said Dr. Cyrus of Blonde. In spite of this, German private sector employment is minimal Lightly, and thanks to the decline in the prices of the production sector, especially the energy fall.
Fall in the price of energyIn the United States, it was linked to the fear of the recession, which was a tail air for the producers. Manufacturing companies have also reported an unusual increase in export orders and a normal ability to raise sales prices Recommend a beginning power Pricing for the first time in almost a year.
Business Hamburg Bank’s chief economist blonde The manufacturing sector seems to be “opposed to The new fees announced by US President Donald Trump at the beginning of the month are better than expected.
10% of these are public rights and 25% load on car imports. “Most eurobic manufacturers are not very upset,” he said. “Instead of falling through a cliff, production is actually increased For the second month of continuousMore stronger than March. “
France is increasingly facing a deep recession
However, France presented very dark panorama. The BMI compound fell from 48 to 47.3 points in April, below the forecasts of 47.8 points. The service department was most affected Due to the summary, with 46.8 services with PMI, the manufacturing sector was weak, although it was slightly confirmed at 48.2 points.
“In particular, The recent data of the survey indicated the pronounced weakness During the demand in the national markets, Junas Feldusen, the Junior economist of the Hamburg, said that the French private sector said, “French private sector will face significant pressure in the coming months,” illustrates the strong decline and weakening of the orders.
“The service sector continues in a dangerous situation“He said.” At the beginning of the second quarter, business activity deteriorated, declining in the new national and foreigners’ businesses. In response, service providers reduced their templates. “
Although production is increasing in French factory, FEldusen “It is not meant for it yet Change in the standard course. “Political uncertainty and financial weakness can make the problem worse, point to the” weak condition of the debt “and” the continued danger of the government’s collapse. “
Inflation pressures rest when the ECP looks close
April BMI has promoted data To the European Central Bank (ECB)It examines the rhythm for the relaxation of its monetary policy. The inflation of the costs softened and the prices of inputs increased to its slow speed since November 2024. Inflation of production prices It is managed for at least five months.
The blonde said: “European Central Bank receives little support It warned that the cost of the service sector continues to reduce the margins, “the cost of the service sector continues to be reduced by its type of cutting.
According to Feltuzon, the The blur of pressures on prices This can be extended in the coming months, especially if business frictional items are in the constituency. “We predict that business lubrication They will negatively affect the internal prices, ”he said, predicting a higher difference between cash relaxation.
AdvertisementExperts expect ECB uses three types of types And this year. Looking forward, economists see modest ability in financial expansion. The positive impact of the increase in German investments provided in the European Security budget and infrastructure illustrates from the golden age. “This is only to benefit ProductionBut for services, even a little too late, “he said.
