ThreeSixty Research Market Update May 2014

I’m pleased to enclose the May 2014 edition of Market Update, see article below for full report.

Overall global growth is around longer-term trend and further uplift is expected in Q2, for the remainder of 2014 and into 2015.

The US is showing positive signs of economic recovery, with April manufacturing rising at its fastest pace in three years and manufacturing employment increasing for its tenth consecutive month. The US also saw consumer spending up 3%, which is its largest gain in four and a half years.

In Europe Germany continues to be the standout, with France following close behind – reporting its second consecutive month of increased output. But it’s the other Eurozone countries that in the spotlight, who continued their recovery across both manufacturing and services sectors. It’s these periphery countries that have recorded their best growth rate since early 2011.

Kind regards

Sharie

ThreeSixty Research Market Update May 2014

Highlights:

Global growth has returned to around its long-term trend.
US showing positive signs of economic recovery from the weaker weather related first quarter.
Eurozone business expansion is improving and nearing a 3 year peak.
China responds to slower growth with a mini-stimulus as Q1 CY2014 GDP comes in at 7.4%.
The Australian Federal Government has telegraphed a tight May budget for FY2015.


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Sharie Kennedy-Wren, Holistic Financial Management Pty Ltd are Authorised Representatives of Godfrey Pembroke Limited ABN 23 002 336 254, an Australian Financial Services Licensee, Registered office at 105 –153 Miller St North Sydney NSW 2060 and a member of the National Australia group of companies.

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