So far the growth numbers are beating expectations and moving in the right direction so is this finally the start of a European recovery?
Other countries who have released Q4 2013 data today;
- Hungary 2.7% vs 2.2% xp y/y. Prior 1.8%
- Austria 0.9% vs 0.5% prior y/y
- Romania 5.2% vs 2.8% exp y/y. Prior 4.1%
- Slovakia 1.5% vs 1.1% exp y/y. Prior 0.9%
- Holland 0.7% vs 0.1% exp y/y. Prior -0.4%
- Poland 2.7% vs 2.9% exp y/y. Prior 1.9%
Nearly all have beaten expectations and all have beaten the previous numbers. That bodes well for the main EZ GDP numbers in 20 minutes where we’re looking for a modest 0.2% on the q/q from 0.1% prior and a turnaround from -0.3% Q3 to +0.4% y/y.
It’s all looking good for Europe and if they can start equiting that into the masses of unemployed then Europe could finally be back in the growth race.
