Note the jump in export orders -- they're back in positive territory.
Business confidence has increased
Trade volume has stabilized
Inventories are still dropping. But at some time, these will have to be restocked.
The rates of GDP decline are clearly slowing. In some countries we are seeing positive GDP prints.
Both corporate and money market spreads have come down. In addition,
Although banks are still tightening credit, the percentage of banks doing so is decreasing.
Bottom line: the stage is being set for growth.
