The economy in the Europe is growing and showing a healthy sign of speedy recovery.“Stabilization will restore the region as a prop for international demand and financial markets, if not a powerhouse” say Economists from Barclays Plc to JPMorgan Chase & Co. The euro is turning into a good help than a hindrance for the world economy. There might be many factors that contribute growth in Europe’s Economy.
Rising Manufacturing: Manufacturing in Czech Republic and Poland rose in the mid of July. Exports to the Europe Union from China increased to 2.8 percent. Shipments from Japan to the European Union rose 8.6 percent in June. 3M Co and International Business Machines Corp are among the global companies that experienced improvement in their European businesses. Chief Executive Officer Nigel Travis said “Europe is about to start recovering.”
Export Growth: A former economist at the European Central Bank said “We see a relatively shallow, saucer-shaped profile for economic activity”
Growing Economy: Unexpectedly, manufacturing rose in July after two years of contraction, while confidence among consumers and executive improved to 15 month. Factory orders increased in June, and industrial production rose the most since July 2011 in Germany.
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