BRUSSELS: Private business activity across the eurozone hit a 10-month high level in January, according to a leading growth indicator released on Thursday.
The Purchasing Managers' Index published by London-based Markit researchers, a survey of thousands of eurozone companies, logged 48.2 points in compared to 47.2 points the previous month.
January marked a third rise running for the index, even though it remains below the boom-and-bust 50-point line indicating economic growth or contraction -- the 16th shrinkage in 17 months.
Manufacturing production fell for the 11th month in a row, with both the manufacturing and services sectors each registering their smallest retreat in 10 months.
The key eurozone economy of Germany powered back to growth, but No. 2 economy France is still in contraction.
"While the surveys add to the mounting evidence that eurozone economic activity turned the corner in late-2012, they indicate that it is not out of the woods yet," said London-based IHS Global Insight analyst Howard Archer, who highlighted worries about France.
- AFP/xq
Eurozone PMIs for private business hit 10-month high
This article
Eurozone PMIs for private business hit 10-month high
can be opened in url
http://newsradioisotope.blogspot.com/2013/01/eurozone-pmis-for-private-business-hit.html
Eurozone PMIs for private business hit 10-month high
