Gavin Friend
speaker
7,937 appearances
60 recordings
1 series
first heard Sep 2024
last heard 2 Sep
Gavin Friend’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 29 in all, peaking in Oct 2025 with 5.
Appearances
I mean, likely as you know, we might guess.
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that this is because real disposable income growth slowing and um you know hits consumption elsewhere.
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The strange thing though was that non-core sales rose a strong 0.6%.
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Don't know why.
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Um, Eurozone households remember have got high levels of savings.
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I mean, that could supplement some of their spending, but it's data for March.
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It was early in the crisis, and you know, we need to see more data to get a better handle on this.
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And I suspect, you know, the final outcome of this is going to be European consumers hunkering down.
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Down a little bit.
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All the data in Europe actually wasn't that negative.
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We had some German factory orders numbers, which were pretty good for March.
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Um, broad gains, you know, cost capital goods, intermediate goods, consumer goods, front running of all of export orders, of course, you know, ahead of the Middle East.
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That would have been the big driver of that.
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Um, and actually it didn't stop uh a decline on the quarter of four point one percent.
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But that was really
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sort of technical because we had blowout nearly 10% growth in factory orders in Q4.
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So I think a lot of this is is finally stuff's coming through from fiscal spending in uh in Germany.
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Um, you know, and that's a so kind of a almost a positive story.
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The negative story out of Europe is construction, construction PMIs coming out of the Eurozone, out of Germany, out of France.
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They're all on the
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Showing 1441–1460 of 7,937 · page 73 of 397
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