The economic data keeps moving (very slowly but steadily) in the right direction.
Given recent concerns about an unbalanced (and potentially unsustainable) consumption led recovery, it is encouraging to see that business investment is beginning to settle into an upward trend. If this continues it points to a broader, more sure footed return to growth.
MIPIM is all about encouraging business investment – with data like this emerging, expect the Palais des Festivals and all of the surrounding haunts (big plug for the Manchester Bar!) to be buzzing this year.