Friday, August 29, 2014   

Euro zone March business activity recovers
(03-24 18:32)

Euro zone business activity remains on the path of recovery, a key survey showed today. March was its strongest period of growth since the first semester of 2011.
Boosted by good news from France, the Eurozone Composite Purchasing Managers Index reached 53.2 in March and follows a 53.3 reading in February. A reading above 50 represents expansion.
According to the PMI figures compiled by Markit Economics, euro zone employment also gained marginally for the second month in a row, providing the first signs of job creation since June 2011.
The biggest change over the month was in France, where output and new orders returned to growth – the best monthly showing for both indicators since August 2011.
In Germany output growth slowed to a four-month low, although the rate of expansion overall remains solid. Employment in manufacturing and services grew for a fifth straight month. –AFP


   
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