Overall, the eurozone economic story is a positive one. The eurozone's flash composite PMI climbed to a three-month high of 52.1 in December from 51.7 in November. Any number above 50 signals growth. The manufacturing PMI and manufacturing PMI output indices both climbed to 31-month highs. Here's Markit's Chris Williamson: “The rise in the PMI after two successive monthly falls is a big relief and puts the recovery back on track. The upturn means that, over the final quarter, businesses saw th...
The Eurozone Economy Continues To Recover, But It's Weak And Uneven
Business Insider - 16 Dec 2013 11:15
Overall, the eurozone economic story is a positive one. The eurozone's flash composite PMI climbed to a three-month high of 52.1 in December from 51.7 in November. Any number above 50 signals growth. The manufacturing PMI and manufacturing PMI output indices both climbed to 31-month highs. Here's Markit's Chris Williamson: “The rise in the PMI after two successive monthly falls is a big relief and puts the recovery back on track. The upturn means that, over the final quarter, businesses saw th...
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