ECONOMICS COMMENTARY
Feb 07, 2014
Growth in EU consumer goods gains momentum at start of 2014
The first set of EU sector PMI data for 2014 pointed to a further acceleration in the rate of expansion of consumer goods output. Having picked up for the third successive month, growth was the strongest for more than three-and-a-half years in January. Data showed a similar trend in new orders at firms operating within the group, suggesting momentum will be maintained at least throughout the early part of this year.
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