Friday, April 25, 2014   

Relief over euro zone ‘recovery’ signs
(12-16 18:31)

A closely watched gauge of business sentiment across the 17-country euro zone improved for the first time in three months in December, easing concerns that the region may slip back into recession.
The monthly purchasing managers' index reading for the euro zone from financial information company Markit advanced to 52.1 in December from 51.7 in November. Anything above 50 indicates expansion.
The increase follows two declines and takes the index close the 27-month peak seen in September.
Chris Williamson, Markit's chief economist, says the rise is a “big relief and puts the recovery back on track.''
The euro zone economy has grown for two quarters following its longest recession. However, growth has stalled and the euro zone only grew by a mere 0.1 percent in the third quarter from the previous three-month period.—AP
   
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