
U104-B 3-phase Connection
This type of meter is used to fuel dispensers for measurement of pressurized oil.
Materials:
Body: Aluminum (Spray-Painted)
Package:
Net Weight:
1.7kg/case of 1
Gross Weight: 1.9kg/case of 1
Dimension: 36x15x15cm/case of 1
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h consumer spending,
which rose at an annual rate of 2.8%, looked healthier than for a good
while. Overall growth was held down by sluggish construction, the result
of bad weather, but this promises to rebound in the second quarter.
Economists at JPMorgan now think that GDP could grow at a rate of 3%
this quarter, and an average of 2.8% in the second half of the year. A
recent wave of cheery economic news supports this forecast; indeed, the
economy could even surpass it. Business and consumer confidence
surveys are roaring ahead.
The durability of the recovery will largely depend on whether firms start
hiring again. Here the news is promising. Unemployment has fallen by
more than expected in both France and Germany in recent months.
Germany s jobless rate has fallen from 11.9% to 11% during the past year, and France s from 10.1% fuel dispenser to 9.3%.
These rates are still shamefully high, but it is the change in unemployment rather than its level that matters most
for shifts in consumer spending. More good news could be in store. Going by the hiring intentions reported in the
euro area s purchasing managers index, JPMorgan s David Mackie reckons that employment is growing at an
annualised rate of almost 2%, more than twice as fast as last year, and the fastest since 2001.
New jobs, rising consumer confidence (which is at a five-year high) and, in some countries, surging hous fuel dispenser e prices
(see article) should encourage households to open their wallets. Indeed, euro-zone retail sales rose by a faster-
than-expected 2.8% in the year to April. Even German consumer spending is picking up, helped by the World Cup.
St fuel dispenser ronger growth allows the ECB to focus more intently on its inflation target namely, holding inflation close to, but
below, 2%. The average inflation rate in the euro area rose to 2.5% in May, which was higher than expected, and
the European Commission s latest survey showed that inflation expectations are edging up.
The IMF warned the ECB this week against raising interest rates too fast.