The fates of various peripheral European economies continue to differ wildly in this post-crisis era.
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As we wrote earlier, Greece continues to show signs of deep weakness, with its March PMI manufacturing report already backsliding from a month earlier.
The flipside is Spain, whose economy is on a gigantic tear.
The chart is making a very nice V-formation, and the index is now at its highest level in nearly 4 years.
Within the survey, there was a sharp rise in New Orders, which also rose at their fastest pace in nearly four years.
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The situation in Spain is obviously different than Greece. It's also been more consistently strong than Italy, which is also rebounding, but not as steadily.
