Europe was in better shape in July and August than we might have thought
John Robertson
PortfolioDirect
Europe was in better shape in July and August than we might have thought. The industrial production data released today by the European Commission showed an upward revision to the previously released July numbers and a 1% gain for August but the momentum remains weak. The strongest growth over the year to August came from the Czech Republic, Romania, Slovakia and Poland with gains of between 3% and 6%. Production rose in 13 and fell in 10 member states during the month. Over the year, production was lower in 14 and rose in nine of the national economies. Sweden, Greece, Ireland and Italy suffered the largest production losses with falls of between 8% and 5%. Output in export oriented Sweden has been hit harder than in some of the more troubled parts of the continent as demand for its goods has subsided.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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