Marco Kramer Quotations

The bottom line is that France seems to have run through a metamorphosis from a euro-zone driver to a growth laggard. Those who revised up their euro zone GDP growth outlook for this year on the back of strong German survey data might now be forced to take the much less upbeat French growth picture also into account.

This is the biggest surprise in the data and capital goods are a good indicator of future investment spending.

This is a modest improvement, but we expect bigger improvements in the months ahead, as the labor market usually lags the economic cycle.

It looks like GDP growth forecast risks might be on the upside.