If there’s one thing that could actually heal the wounds of Europe it would be growth.
We’re not really seeing that yet, but a great start would be the end of economic bleeding, since that makes everything MUCH worse.
And the latest January Eurozone PMI report from Markit hints at a bit of easing of the pain.
Several big countries saw improvements in their readings, and Germany is already back above 50, meaning the majority of survey respondents saw conditions improve from December to January.
And here’s the unified number, which is also looking better, though it’s still below 50.
Several countries are now at multi-month highs in their readings.
Obviously this could be a blip, but if this were the start of some improvement, it would be a hugely positive devleopment.