Eurozone Factory Orders Surge

January 3rd, 2011
in News, Economic Indicators

fin24:  Surging new orders and a fast-improving labour market helped quicken the expansion of the eurozone's manufacturing sector for the fourth month running in December, a business survey showed on Monday.

Follow up:

The Markit Eurozone Manufacturing Purchasing Managers' Index (PMI), which records manufacturing activity across all the major euro area economies, rose to 57.1 in December, revised higher from a preliminary reading of 56.8 and up from 55.3 in November.

Representing the 15th month above the 50 mark that divides growth from contraction, the December figure neared April's 46-month high and once again reflected German and French strength leading the 16-nation bloc's industrial recovery.  Read more at fin24......

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