Denmark's Prime Minister Lars Lokke Rasmussen,Italy's Prime Minister Matteo Renzi and Mexico's President Enrique Pena Nieto attend a meeting to launch the 'Mission Innovation: Accelerating the Clean Energy Revolution' on the opening day of the World Climate Change Conference 2015 (COP21) at Le Bourget, near Paris, France, November 30, 2015. REUTERS/Ian Langsdon/PoolItaly's Prime Minister Matteo Renzi has a good reason to be smiling.
European factories are in great shape.
It's manufacturing PMI day in Europe, meaning we get a snapshot of how factories across Europe are doing.
The figures, each somewhere between 0 and 100, give an idea of whether a country's manufacturing sector is growing or contracting. Anything above 50 signals growth, anything below means contraction.
The picture we've got is of a resurgent European manufacturing sector.
Italy is the star performer, beating forecasts by a long way, and Greece's factories have returned to growth for the first time since May 2014. Germany also beat forecasts, and Spain and France are both holding up pretty well.
The weakest of the bunch? Britain, which posted a pretty big miss. 
Overall, Eurozone manufacturing PMI beat forecasts, coming in at 53.2 against estimates of 53.1.
Here's how it broke down.
  • Spain: 53, down from 53.1 in November;
  • Italy: 55.6, beating forecasts of 55;
  • France: 51.4, down from 51.6 in November;
  • Germany: 53.2, against forecasts of 53;
  • Greece: 50.2, up from 48.1 in November;
  • UK: 51.9, against forecasts of 52.7.

NOW WATCH: GE CEO Jeff Immelt: This one thing will drive the future of GE