Wednesday, October 1, 2014   

Better business activity in Europe: survey
(04-23 18:24)

Business activity in Europe has risen to its highest level in three years as a once-shaky economic recovery gains speed.
The Markit survey of purchasing managers, a closely watched gauge of business activity, climbed to 54.0 in April from 53.1 in March. That's the highest reading since May, 2011. Anything over 50 indicates expansion.
Analysts said Wednesday's figures, which cover both services and manufacturing companies, showed that the moderate recovery was showing increasing strength in the 18 countries that share the euro.
Alarmingly low inflation of only 0.5 percent and high unemployment have raised fears the rebound was too weak to sustain itself and would require more stimulus from the European Central Bank.
The eurozone grew by a quarterly rate of 0.2 percent in the fourth quarter of last year. --AP   
Other Business breaking news:
China eases home purchase restriction (09-30 18:12)
Eurozone inflation drops, unemployment steady (09-30 17:54)
Apple to launch iPhone 6 in China from October 17 (09-30 17:38)
German unemployment rate steady in September: official data (09-30 16:44)
Hang Seng plunges ahead of holidays (09-30 16:36)
French public debt over 2.0 trillion euros for first time: data (09-30 14:59)
German retail sales climb in August (09-30 14:25)
China September PMI misses estimate: HSBC (09-30 14:05)
China clears way for Apple iPhone 6 sales: regulator (09-30 13:50)
Hang Seng falls by lunch (09-30 12:27)

More breaking news >>

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