Jim Power
π€ SpeakerAppearances Over Time
Podcast Appearances
And yet Trump is still harping on about tariffs.
You couldn't make this stuff up.
It's it's it's absolutely mad.
Do you think we're on the brink of a settlement?
Yeah, we're seeing the real economic impact of that feeding through.
In Ireland this week, the service sector PMI, the Pursuit Management Index, fell to 49.7 from 50.7 the previous month.
And I always stress with these PMIs, the reading below 50 means contraction, a reading above 50 means expansion.
So the services sector has moved into contraction for the first time since February 2021.
you know, in the middle of the COVID crisis.
The Eurozone composite PMI fell from 50.7 to 48.8.
So in contractionary territory and the services sector is taking a real battering there, 50.2 down to 47.6.
Eurozone producer prices up 3.4% in April.
month on month, energy up 11.1%.
So we are, and in Germany, the comps at PMI fell from 51.9 to 48.4.
So we are really seeing the impact of the Iranian crisis feeding through to service sector activity, particularly everywhere.
So it's, and this is only the beginning.
You know, if this war is prolonged, the duration, the depth,
of the crisis would obviously determine all of this but the longer it goes on the more damage it's going to do there was an interesting statistic from Eurostat during the week looking at electricity prices across the EU and guess which country has the highest household electricity price in the EU I know the answer to this one Jim is where you're sitting isn't it
It's where I'm sitting.
It's Ireland.