However, Fitch said: "The soft patch
of the German economy has proved to be more persistent than we expected at the time of the last rating review in January 2019.
Firms reported reduced workloads, linking the soft patch
to ongoing political and economic uncertainty as the Brexit process rumbles on, making clients more cautious with spending on major projects.
Second, they want to know whether this soft patch
indicates the end of the current business cycle - one of the longest on record, incidentally.
As for the soft patches
in the economy, Starks cites factors such as slowing manufacturing growth, a flattening in the housing market, and contraction in consumer spending, which has been evident in retail sales numbers.
manufacturing is beginning to emerge from a long soft patch
, bolstered by stronger domestic demand that will offset weakness in exports.
Markit's senior economist, Tim Moore, commented "The latest survey highlights renewed vitality within the UK construction sector, as output growth picked up further from the soft patch
seen at the end of 2014.
"The soft patch
that homebuilding has seen in recent months, coupled with rising financing costs, is expected to be reflected as slower growth in home improvement spending beginning around the middle of next year," says Eric S.
Summary: US retail sales rose more than expected in May and first-time applications for jobless benefits fell last week, suggesting the economy was squeezing out of a recent soft patch
Economists and media types -- same thing really, they just took different AP classes in high school -- are again using the old "(https://www.google.com/search?hl=en&gl=us&tbm=nws&q=soft+patch) soft patch
" excuse to explain away the inexplicable failure of the Obama administration to look after job creation in the United States.
Shum said the latest rise in oil prices should be viewed with caution "as the latest jobs data indicates that the US economy may be entering a soft patch
of slower recovery".
David Ost, North West Regional Director at EEF, said: "Manufacturing indicators hit a soft patch
at the end of last year as events in global markets weighed on confidence and held back orders growth in some sectors.
The report pointed to signs of what was previously considered a "soft patch
" is now indicative of a long-term economic realignment, as previously reported in the past quarter.