Eurozone manufacturing grows most in 31 months
January 3, 2014, 12:02 am TWN
BRUSSELS--Business activity in the eurozone posted its strongest growth in 31 months in a fresh sign of recovery though France remained a sore point, a key survey showed Thursday.
Markit Economics' said its Eurozone Composite Purchasing Managers Index (PMI) for December rose to 52.7 from 51.6 in November, the third consecutive monthly rise.
Germany, Italy and Spain recorded the strongest rises in output since early 2011 but France on the other hand saw a steepening downturn in part due to a fall in exports.
Even Greece registered a 52-month high while France fell to a seven-month low.
With growth holding, levels of employment remained stable in December, seeing job creations in Germany, Italy and Ireland.