Wednesday, April 23, 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:
China to increase natural gas supply (24 mins ago)
China Mobile profit down (46 mins ago)
European markets open flat (1 hr ago)
Australia sees higher price levels in first quarter (1 hr 27 mins ago)
Nikkei rallies at close (2 hrs 24 mins ago)
US ships 10pc more fuel in 2013 (04-23 13:23)
Hang Seng down at mid-day (04-23 12:13)
CRH appoints new chairman (04-23 11:39)
China manufacturing shrinks in April: survey (04-23 11:06)
Nikkei rises by break (04-23 10:47)

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.