In the last few weeks, we have seen the European data soften a bit. But today we got a few rounds of data which pointed to further economic upside down in the continent. Here are the data pieces from Europe this morning.
Actual | Expected | Previous | |
Italian Manufacturing | 53.3 | 52.6 | 52.7 |
French manufacturing | 52.5 | 53.1 | 53.1 |
German Manufacturing | 55.9 | 55.9 | 55.9 |
Spanish Manufacturing | 53.4 | 53.4 | 53.4 |
UK Manufacturing | 54.4 | 54.1 | 54.3 |
Eurozone manufacturing | 54.9 | 55 | 55 |
Italian Unemployment Rate | 10.70% | 11.10% | 11.20% |
Eurozone Unemployment rate | 8.40% | 8.50% | 8.50% |
Most of the numbers are positive, particularly the unemployment rate. The trend is promising as it has been falling for years. The upbeat UK manufacturing is another positive number considering the softening economy in the UK this year.
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