Philip Leake

We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Philip Leake is associated, including UK and Germany. Most recently, Philip Leake has been quoted saying: “There were also encouraging signs for further growth in 2017. Companies look set to hire in an effort to raise operating capacity, following the sharpest increase in backlogs of work since early-2014.” in the article German factory growth reaches close to three-year high in December - PMI.

Philip Leake quotes

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The first flash PMI of 2017 highlighted diverging performance in Germany's private sector economy. Whereas manufacturers signalled an accelerating upturn fuelled by stronger domestic and international demand, growth slowed in the dominant service sector. Consequently, business activity across Germany as a whole rose at the slowest pace in four months.

Strong growth in December meant that goods producers enjoyed their best quarter in nearly three years during Q4. The manufacturing sector is therefore likely to help overall GDP growth accelerate from the modest 0.2 percent pace seen in the third quarter.

There were also encouraging signs for further growth in 2017. Companies look set to hire in an effort to raise operating capacity, following the sharpest increase in backlogs of work since early-2014.

Stronger inflation, along with stagnant pay and an uncertain Brexit agenda, looks to be behind households' worries about the future.

In a period of heightened uncertainty ahead of the EU referendum, Markit's HFI survey pointed to a marked financial squeeze in May, but households' expectations for the year ahead were little-changed since April.

With near-term economic prospects far from certain, the majority of households do not envisage monetary policy tightening any time soon.

With fresh public spending cuts expected in today's budget announcement, headwinds to household confidence are likely to persist in coming months.

With policymakers facing low inflation, falling commodity prices and global growth worries, less than half of UK households predict an interest rate rise over the coming year.

Underpinning financial woes were worries about job security, slower growth of workplace activity and faster reductions in savings and cash available to spend.

(With) wage growth flatlining somewhat, households were downbeat regarding the outlook for financial wellbeing.

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