Sunday, April 20, 2014   

Positive signs in euro zone factory activity
(01-02 19:21)

Business activity in the euro zone posted its strongest growth in 31 months in a sign of recovery although France remained a sore point, a key survey showed.
Markit Economics' said its Euro zone Composite Purchasing Managers Index for December gained to 52.7 from 51.6 in November, the third consecutive monthly rise.
“A strengthening upturn in the manufacturing sector is helping the euro area recovery become firmly established,'' said Markit's chief economist Chris Williamson.
The latest data pointed to an increase in production of 1 percent in the last 2013 quarter.
“With producers reporting further growth of new orders, exports and backlogs of work, the stage is set for a good start to 2014, during which it seems likely that the manufacturing sector will help drive a meaningful, albeit still modest recovery,'' he added.
Germany, Italy and Spain recorded the strongest output rise since early 2011, but France experienced a steep downturn.
“This suggests that competitiveness is a key issue which the French manufacturing sector needs to address,'' Markit said.
Even Greece registered a 52-month high while France fell to a seven-month low.—AFP



   
Other Business breaking news:
Amazon hit by strikes in Germany (04-17 17:07)
Hang Seng, Shanghai rise (04-17 16:58)
Flat open for European markets (04-17 15:48)
Nikkei gives up early gains (04-17 15:43)
China eases with reserve cut for rural banks: report (04-17 15:42)
Hang Seng inches up at mid-day (04-17 12:13)
Sony's PlayStation 4 sales top 7 million (04-17 12:06)
Weibo IPO priced at lower end: report (04-17 11:34)
Nikkei down by break (04-17 11:16)
Exports boost Italy's trade surplus (04-16 18:42)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.