Analysts at BNP Paribas say Eurozone’s slowdown is becoming increasingly evident, especially in the German economy, which has suffered from one-off factors but also from a slowdown of exports to China. Capacity constraints also play a role. Business climate in the manufacturing sector continues to decline.
Businesses are telling him that consumer demand is strongNo signs strong consumer spending will fall offBusinesses are saying they are being affected by trade risksRepeats that he does not see a rate move in either directionDecember rate hike was not a mistakeConsumers have growing confidence in their job security.
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