Europe Is On The Rise

Some decent news out of Europe this morning.

The Flash PMI for the region just hit a new 35-month high. The Flash PMI report is a preliminary survey of service and manufacturing companies done once per month, asking them questions about the state of business. Any reading over 50 means the majority are seeing expansion.

Here's a summary:

Within Europe, Germany was stronger than France (though both showed expansion for the month).

Meanwhile, peripheral Europe saw its fastest pace of growth since May 2011, according to the report.