The big thing that would surprise people in Europe this year is growth.

And there's more evidence that there's some kind of pulse beating.

Last week after some decent PMI number, Goldman raised its 2012 GDP outlook from -0.8% to -0.4%.

The latest: German factory orders jumped 1.7% sequentially, nicely ahead of the 1.0% consensus.

Here's a great chart of German factory orders vs. industrial production, courtesy of Markit.

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