BREAKING NEWS

BREAKING NEWS

Eurozone business growth picks up

Now Reading:

Eurozone business growth picks up

Text size Aa Aa

Companies across the eurozone are taking on staff at the fastest rate since August 2011 to meet demand.

That’s a key point in a survey published on Friday. Markit’s composite flash purchasing manager’s index – as it’s called – hit 53.5 for February. That’s up from 52.6 in January.

Any figure over 50 indicates expansion while any below spells contraction.

Customer-facing service companies performed particularly well, said the survey, outpacing growth in manufacturing output.

At the same time lower oil prices helped to reduce input costs for many firms across the eurozone.