Gold Stars For The Eurozone

6 days ago1:35 min

Gold Stars For The Eurozone

Data out on Tuesday suggested that the eurozone hit the ground running in 2023, with business activity growing unexpectedly this month.

What does this mean?

It’s January: the weather’s cold and the days are short, so you might expect us all to be united in our misery. But in Europe there’s a little holdout of optimism among purchasing managers, who responded to this month’s business activity surveys with unseasonably chipper answers. That stands to reason, too: an especially mild winter and badly needed government handouts helped to ease the region’s energy fears. Plus, companies’ confidence is swelling thanks to freshly freed-up supply chains and the fact that China’s re-opening is probably poised t

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