Meanwhile, Across the Channel…February 26, 2014
As we saw yesterday, Germany’s Q4 GDP release was neither surprising nor very exciting. A similar look at today’s release of output in the U.K. reveals a more constructive picture:
With positive contributions from all sectors– and a sizeable rise in business investment– the trend on this country’s heat map is skewed decisively green.
U.K. equities, by contrast, are the worst performing among all of Europe’s major indices so far this year, having gained just over 1%: