Manufacturers in the euro zone reported faster expansion of output in December.
Those surveyed for the Markit Purchasing Managers’ Index credit a surge in new orders and a fast-improving labour market.
It was the fourth month running the figures have strengthened, reflecting industrial recovery particularly in Germany and France, but Markit also said there were signs of improvement in other countries.
“Germany remained the star performer, seeing near-record growth, followed by France, where the PMI slipped only slightly from November’s ten-year peak,” said Chris Williamson, Markit’s chief economist.
“However, welcome signs of recoveries were also evident in the periphery, where export sales helped boost output growth in all cases except Greece, where the rate of decline at least moderated.”
The PMI Index, 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.