Wednesday, November 26, 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:
UK confirms 0.7% growth in Q3 (2 hrs 2 mins ago)
EU's Juncker proposes US$380 billion investment plan (11-26 17:10)
ADB ready to work with new China-led bank, says president (11-26 16:57)
Samsung sells units and announces share buyback (11-26 16:28)
European stocks up at open (11-26 16:18)
Hang Seng finishes higher (11-26 16:12)
Nikkei ends lower (11-26 15:26)
Europe's biggest bank names new boss in reshuffle (11-25 18:49)
Hang Seng down at close (11-25 16:50)
Consumer spending helps Germany skirt recession in Q3 (11-25 16:49)

More breaking news >>

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