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Germany’s private-sector economy expanded at its fastest pace in six months, driven by a pick-up in consumer spending on services; in France, both services and manufacturing perked, giving the country’s economy its best performance since last June, according to data from IHS Markit.
“The slump in January proved to be short-lived,” Joe Hayes, senior economist at IHS Markit, told Yahoo! Finance. “Now that the trajectory of Covid-19 in France is on the downturn, this should continue to facilitate greater activity levels across both sectors.”
Germany reported supply chokepoints beginning to open.
TREND FORECAST: Germany, as with the U.K., New Zealand, Denmark and other nations and states, are now lifting COVID restrictions.
Indeed, as we had forecast several weeks ago, as a result of business and citizen pressures (most recently such as the Canadian Freedom Convoy), the COVID War would be winding down late March, mid-April… and it is now in wind-down mode. Indeed, today, even the strong COVID Warrior’s, Apple, lifted their mask mandate for in-store shopping in several states across the U.S.