Euro Zone Business Activity Growing Faster Than Thought in September: PMI
Business activity in the euro zone has grown faster than expected this month as new orders flood in at their fastest pace in over two years, surveys showed on Monday, adding to signs that the economy is healing.
The surveys suggest the region’s economic recovery was becoming more broad-based with growth in both Germany and France, the bloc’s two largest economies.
Markit’s Flash Composite Purchasing Managers’ Index (PMI) jumped to 52.1 from last month’s 51.5, its highest since June 2011 and beating expectations for 51.9.
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