Spanish PMI Rises To 50, As New Business Increases For The First Time Since April, 2011

More signs of a comeback along the European periphery.

This time the improvement is in Spain, where the PMI index has risen from 48.1 to 50.0, which is a neutral reading (neither contraction nor growth).

The snapshot below makes clear that a comeback is in progress.

Screen Shot 2013 07 01 at 3.15.43 AM

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