Report|14 May 2026

Macro Pulse EU: Europe’s Industrial Recovery Splits Along Regional Lines

Europe’s industrial production data is turning more constructive, with output improving across several economies, even as Germany remains the key constraint on a broader recovery.

In the latest Credit Compass, Gordon Kerr looks beyond the latest headline production data to examine Europe’s broader macro risks, including energy volatility, industrial margins, and the growing split in investor views. Listen to Gordon Kerr’s insights on: Apple | Spotify | YouTube or visit kbra.com/macrocredit.

Europe’s industrial output is improving and starting to look more stable, with the latest data showing firmer output across several major…

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