ECONOMICS COMMENTARY
Feb 20, 2014
Eurozone PMI signals ongoing robust recovery as new orders show largest rise since mid-2011
The euro area economy continued to expand at a robust pace in February, enjoying its strongest run of growth since the first half of 2011. The flash estimate of the Markit Eurozone PMI Composite Output Index fell slightly to 52.7 in February, but remained close to January's 31-month high of 52.9. The PMI has now held above the 50.0 no-change level for eight successive months, signalling a continuous expansion of business activity since last July.
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