Tuesday, June 14, 2011

Positive Economic News from Europe

1. The Leading Economic Index for the U.K. increased 0.4% in April, following increases of 0.4% in March and 0.5% in February. 

2. The Monster Employment Index for Europe increased by 21% in May from a year ago, led by Germany's 42% year-over-year increase, and strong industry gains in manufacturing (53%) and transportation (53%).    

7 Comments:

At 6/14/2011 8:04 AM, Blogger morganovich said...

and US retail sales dropped.

 
At 6/14/2011 9:55 AM, Blogger Buddy R Pacifico said...

This comment has been removed by the author.

 
At 6/14/2011 10:01 AM, Blogger Buddy R Pacifico said...

Germany shows solid employment growth as a global export powerhouse but...

"and us retail sales dropped"; on the other hand:

U.S. Goods and services Exports are 16.7% to $681.8 billion for the first four months of 2011. U.S. manufacturing exports accounted for over $401 billion of the total.

Hmmm; solid export growth to growing markets -> more jobs -> more savings, investments & spending (retail).

 
At 6/14/2011 10:34 AM, Blogger juandos said...

Meanwhile over at Zer0Hedge they're looking at the following: As Europe Stares A Break Up In The Face And PIG Bonds Plunge, Its Finance Ministers Are Holding More Meetings

 
At 6/14/2011 4:06 PM, Blogger morganovich said...

buddy-

so far the "more jobs" part of your cycle seems conspicuously absent.

that is likely because most of the US export growth is inflation, not real growth.

http://www.bls.gov/news.release/ximpim.nr0.htm

export prices are up 9% from a year ago.

(imports are worse at 12.5%)

 
At 6/14/2011 6:22 PM, Blogger Buddy R Pacifico said...

"that is likely because most of the US export growth is inflation, not real growth."

Export prices up 9% BUT exports up 16.7% so, that's 8% of real growth, right? Real economic growth that is not fueled by U.S. debt variations.

 
At 6/15/2011 2:39 PM, Blogger VangelV said...

Europe is in big trouble. Its banking system is on the verge of collapse and voters in Spain, Greece, Portugal, Iceland, Italy, and Ireland are ready for a revolution against the authorities and the banks that wound up losing all those billions. Unless the Fed can coordinate another bout of inflation you will see both European and US markets head much lower.

 

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