EU may Actuallly Be Selling Cars Again!


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Economy...what's this - a thaw in the European Union economic frost?

Consumer confidence was up in April and first sign of industrial growth in years. Add in trade exports increasing in most recent trade data and one could get the sense the European Union is turning the corner.

This is not what we have heard from all the major companies operating in the region who have reported. It should be noted that most of the countries reporting saw lower sales, but Germany was +3.8% and this is the most important gauge.

It should also be noted that Japanese auto manufacturers saw largest increases in sales as the falling Yen is truly proving to be a boon to exporters.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

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