Advertisement

HindustanTimes Wed,20 Aug 2014

Euro zone on recovery path?

Reuters  London, February 06, 2013
First Published: 22:11 IST(6/2/2013) | Last Updated: 22:13 IST(6/2/2013)

The euro zone’s battered economy is probably recovering but the gulf between its two biggest members is widening, according to a survey on Tuesday that showed business optimism in the bloc at an eight-month high.

Advertisement

Markit’s Euro zone Composite PMI, based on business activity across thousands of companies, and a good gauge of economic growth, rose in January to a 10-month high of 48.6 from 47.2 in December — an improvement on the preliminary reading of 48.2.

While still below the 50 mark that divides growth and contraction, where it has been since February last year, it has risen for the third straight month.

Private industry makes up nearly two-thirds of the euro zone’s economy.


Advertisement
more from Business

Steve Ballmer steps down from Microsoft board

Ballmer made his decision public a month after his successor, Satya Nadella, announced unprecedented job cuts at the US technology firm as it worked to adapt to a 'mobile first, cloud first' world.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved