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Markit's survey shows eurozone growth

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Markit's survey shows eurozone growth

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Business growth in the eurozone accelerated at the end of last month – a sign to suggest the bloc’s economic recovery is on track.

With conditions and sentiment improving in the single currency sector after the bail out deal for Greece Markit’s July final Composite Purchasing Managers’ Index beat an earlier estimate of 53.7, settling at 53.9 – pointing to a third quarter expansion of 0.4 percent.

The PMI was shy of June’s four-year high of 54.2 but the index has now been above the 50 mark since 2013.

Analysts believe the survey results support the view that the region looks set to grow by at least 1.5 percent in 2015.