Eurozone Business Growth Turns Positive, Says IHS Markit
Business activity in the 19-nation eurozone is increasing for the first time since February, before the coronavirus lockdown, according to a survey of purchasing managers by IHS Markit.
The firm's PMI output index turned positive -- hitting 54.8 points in July compares to 48.5 in June -- and showed the sharpest rate of growth in July for just over two years.
"The data add to signs that the economy should see a strong rebound after the unprecedented collapse in the second quarter," said Chris Williamson, IHS Markit's chief business economist.
Source: Agence France Presse
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://naharnet.com/stories/en/273643 |