The euro zone's Purchasing Managers Index (PMI), a leading indicator of growth, rose to 53.3 points in February, a report by survey compiler Markit showed Wednesday. The figure, higher than the initial flash reading of 52.7 points, is above 50 points for the eighth month, which suggests the fastest growth rate for manufacturing and service sectors over the past 32 months. Germany, replacing Ireland, leads the PMI output growth table, the report said. The recovery in Italy also gained traction, with output rising at the steepest clip for almost three years, while France saw output fall at a sharper pace in February, as new orders suffered a further contraction. "The final PMI indicates that the euro zone economy grew at the fastest rate since June 2011, contrasting with the slowdown signalled by the flash reading," said Chris Williamson, Markit's chief economist. He also warned of "regional divergences," saying the contrast between Germany and France was the most striking in the history of the PMI surveys, with the exception of early 2013.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor