Its cool, I get it. You've been on a bender since December 25 and are just now tuning in to ForexLive (through bloodshot, bleary eyes, right?)

No, rly, its cool. If you missed the overnight data out of Europe, Mike posted PMI results from the Eurozone (as a whole), Germany, France, Italy, aaaaand Greece.

  • Greece Markit mftg PMI December 49.3 vs 48.7 exp
  • Eurozone Markit mftg final PMI Dec 54.9 vs 54.9 exp
  • Germany Markit/BME mftg PMI Dec final 55.6 vs 55.5 exp
  • France Markit mftg final PMI Dec 53.5 vs 53.5 exp
  • Italy Markit/ADACI mftg PMI Dec 53.2 vs 52.3 exp

Have a quick scan over those headlines and all were either in line or beats. Just to add a littrle more context:

The Eurozone Manufacturing PMI has now risen to its highest since April 2011

  • The PMI was higher in each of the nations covered
  • Price pressures are upwards (both input costs and output changes rose at quicker rates)

Germany hit its highest in 3 years (well, 35 months)

  • Again, upward cost pressures are increasing (a weaker euro contributing to higher imported input costs)

French manufacturing output grew at its fastest pace since May of 2011

  • new orders and output both up 'sharply'
  • Employment up at its quickest in five and a half years

Italy was not quite so impressive, but still:

  • Production shows largest increase since June of 2016
  • Fastest rise in input costs since February 2012

Spain, too .... (Spain Markit mftg PMI December 55.3 vs 54.6 exp)

  • Manufacturing production rises at fastest pace since January
  • Faster rises in output and new orders
  • Rates of inflation for input costs and output prices accelerated
  • Sharpest increase in backlogs for ten years