European PMI are getting hotter

2 January, 2017

Manufacturing PMI’s across the Europe are strenghtening. We have written about a surge in Swedish PMI, but now it’s time to look at other countries. Let’s begin with Norway. The manufacturing PMI rose to 51.4 in December, 1.4 point higher than the market was expecting. What’s more, the prior print was revised higher, although it remained low at 47.8. 

In Spain the manufacturing index expanded at a higher pace in December as the PMI inched from 54.6 to 55.3. The print was better than the market was expecting and indicated that the situation in Europe is improving.

In Italy the economy shrugged off the outcome of the constitutional referendum. Manufacturing PMI rose to 53.2 and was one point higher than in November. A solid print shows that the south of the EMU is catching-up more developed economies.

And finally France and Germany. Both countries published their indices earlier and today we have known the final prints. France confirmed its PMI at 53.5 while Germany’s PMI was a bit higher at 55.6


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