It’s manufacturing PMI day in Europe, meaning we get a snapshot of how factories across Europe are doing.
Purchasing managers’ index readings for the manufacturing sector in December are rolling in this morning.
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 is a good one, with Italy and Germany beating forecasts, and Spain and France holding up pretty well.
Here’s what we’ve got so far:
- Spain: 53, down from 53.1 in November;
- Italy: 55.6, up from 54.9 in November;
- France: 51.4, down from 51.6 in November;
- Germany: 53.2, against forecasts of 53.