European Production surges,Mrs Sarkozy slept,Manufacturing Software
Worldwide indices surged in January 2010 providing evidence of strong recovery in Manufacturing. The Financial Times reported gains on important manufacturing barometers. However when Nicolas Sarkozy boasted of France's recent strong performance it was too much for Madame, she dozed off at an event near Nice.
France is growing at the fastest pace in a decade and the President is taking all the credit. He maintains that French growth is finally poised to use the same technology, for example manufacturing software to replicate the growth the US enjoyed a decade previously. He claims that the Americans used technology such as ERP Software, Supply Chain management softwareoc, stock Software, ERP systems to drive a lean manufacturing explosion and a decade long boom. The President's wife was so interested she soon fell asleep.
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The Institute of Supply Management Index in America, a key measure rose to its highest level since 2004 from 54.9 to 58.4.
Further evidence from ASIA and Europe indicates manufacturers are ramping up production everywhere to meet demand. China continues to outperform, good news from South Korea, Taiwan. India is moving at its fastest clip since 2008 where HSBC PMI index is at 57.7
Even Europe is moving out of the slow lane nice and slowly though not too fast for the old lady. The Eurozone Purchase Manager Index steadily speeding up to a heady 52.4 from 51.6.
Weak Sterling helped UK to its best growth in 15 years and UK Govt stated UK production increased at an annual rate of 5.7% in the last quarter of 2009. Germany and Italy remained strong with even Germany retreating to 2nd place as largest manufactured
goods exports behind China.
The Institute of Supply Management Index in America, a key measure rose to its highest level since 2004 from 54.9 to 58.4.
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