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Category: EconomicGrowth

Euro Zone Business Activity Higher in September

September 18, 2014 Posted by Chris Wysong

Business activity in the euro zone has grown faster than expected this month. New surveys suggest the regions economic recovery was becoming more broad-based with growth in the blocs two largest economies. Euro Zone Business Activity Higher in September By: Jonathan Cable LONDON Business activity in the euro zone has grown faster than expected this month as new orders flood in at their fastest pace in over two years, surveys showed on Monday, adding to signs that the economy is healing. The surveys suggest the regions economic recovery was becoming more broad-based with growth in both Germany and France, the blocs two largest economies. Markits Flash Composite Purchasing Managers Index (PMI) jumped to 52.1 from last months 51.5, its highest since June 2011 and beating expectations for 51.9. The pace of growth in the blocs dominant services sector beat all forecasts in a Reuters poll. The PMI came in at 52.1, well ahead of Augusts 50.7 and comfortably above median expectations

Posted in Europe, Economy, EconomicGrowth
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