Eurozone economy returns to growth for first time in six months

The eurozone economy beat expectations in March, showing a much better than anticipated expansion thanks mainly to a record surge in manufacturing output. The headline IHS Markit Eurozone Composite PMI® rose from 48.8 in February to 52.5 in March, according to the preliminary ‘flash’ reading. By rising above 50.0, the latest reading indicated the first increase in business activity since last September, with the current expansion the largest recorded since last July and the second-steepest seen over the past 28 months. Divergent trends were seen by sector. While manufacturing output growth accelerated … (full story)

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