Today's European Industrial Surprise Was Led By Some Of The Most Laughed-At Nations

The chart below from Econompic shows how today’s industrial new orders data, which was much better than consensus had forecast and helped power a rally, was actually driven some PIIGS (Ireland, Italy, Portugal, Spain), and Eastern Europe.

Europe’s core, ie. France, Germany, and the UK, were all contracting:


Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.