Tags: EU | Europe | Economy

Eurozone Growth Hopes Reinforced by Strong Survey

Friday, 22 September 2017 06:39 AM EDT

LONDON (AP) — A closely watched survey is showing that the eurozone economy, made up of the 19 countries that use the euro currency, has ended the third quarter on a strong note, in a development that further reinforces hopes about the state of the region's recovery.

Financial information company IHS Markit says Friday that its main gauge of the eurozone's business activity — the so-called purchasing managers' index — jumped to a four-month high of 56.7 in September, a whole point above the previous months' rate.

The firm's chief business economist Chris Williamson says that points to a high quarterly economic growth of 0.7 percent, "with accelerating momentum boding well for a buoyant end to the year."

However, he said the stronger euro was cited as a source of concern for manufacturers.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
A closely watched survey is showing that the eurozone economy, made up of the 19 countries that use the euro currency, has ended the third quarter on a strong note, in a development that further reinforces hopes about the state of the region's recovery.Financial information...
EU,Europe,Economy
130
2017-39-22
Friday, 22 September 2017 06:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved