The manufacturing sector is benefiting from strong global growth and investment. That's particularly true in Germany, which tends to specialize in high quality capital goods.
Dominic White
We've started to see a gradual improvement in the labor market, and that will slowly feed through to consumer spending and boost services more widely.
labor improvement market
Consumers are still the weakest element within the recovery. European companies are still reluctant to hire, and it will take a long period of recovery before they start to do so.
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Companies still aren't hiring, and until they do, it's hard to see strong consumer spending.
strong hard
We should see some small increases in retail sales over coming months, but without a decent pickup in the labor market and incomes, we won't see much of an improvement.
labor improvement market small sales
quality growth true global strong germany investment
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