Payload Logo

Europe in shock as good news breaks twice on the same day

By Stephanie Gruner Buckley
Published

The news just keeps getting better and better in Europe today. First a Nobel peace prize awarded to the European Union, and now industrial production numbers have beat forecasts: up 0.6% for the euro zone (17 countries) for August, and up 0.3% for the larger European Union (27 countries). Production of durable consumer goods increased by 3.9% for the euro zone in August, and 2.4% for the European Union. The most surprising news came from the troubled southern region where industrial production rose by 6.8% in Portugal, 2.5% in Greece, 1.7% in Italy, and 1.3% in Spain—winning over Germany, down 0.4%, Denmark down 2.8%, and Finland down 1.1%.

📬 Sign up for the Daily Brief

Our free, fast and fun briefing on the global economy, delivered every weekday morning.