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  • Eurozone economy hits 6-year high in April
    AFP2 days ago

    Eurozone economy hits 6-year high in April

    Data monitoring company IHS Markit said its April Composite Purchasing Managers Index for the eurozone came in at 56.7 points, the highest reading since April 2011 and up from 56.4 points in March

  • Reuters - UK Focus18 days ago

    UK economy probably slowing after strong end to 2016 - PMI

    Britain's economy has probably slowed from its strong growth of late last year and a cooling jobs market and hefty price increases will become increasingly apparent as Brexit gets underway, according to a survey published on Wednesday. The Markit/CIPS Services Purchasing Managers' Index (PMI), a closely watched gauge of Britain's services industry, rose to a three-month high of 55.0 in March from 53.3 in February. Services companies raised their selling prices at the fastest pace since 2008, a sign that inflation may rise more than the 3 percent expected by many forecasters this year.

  • Reuters - UK Focus18 days ago

    Euro zone business activity at six-year high in broad recovery

    Euro zone businesses enjoyed their best quarter in six years at the start of 2017 and although growth was not quite as fast as a flash estimate, the upturn was broad-based, a survey suggested on Wednesday. Soaring demand allowed firms to raise prices at the fastest rate since mid-2011 and survey compiler HIS Markit said the data pointed to first-quarter economic growth of 0.6 percent, faster than the 0.5 percent predicted in a Reuters poll last month. The final Markit Composite Purchasing Managers' Index, regarded as a good guide to growth, rose to a near-six year high of 56.4 in March from February's 56.0.