European factories are in great shape.

It’s manufacturing PMI day in Europe, meaning we get a snapshot of how factories across Europe are doing.

The figures, each somewhere between 0 and 100, give an idea of whether a country’s manufacturing sector is growing or contracting. Anything above 50 signals growth, anything below means contraction.

The picture we’ve got is of a resurgent European manufacturing sector.

Italy is the star performer, beating forecasts by a long way, and Greece’s factories have returned to growth for the first time since May 2014. Germany also beat forecasts and Spain and France are both holding up pretty read more >>>

Source : BusinessInsider.Com