ECONOMICS COMMENTARY
Aug 22, 2013
Eurozone recovery gains momentum with fastest growth for over two years
The Markit Eurozone PMI Composite Output Index signalled the largest monthly increase in business activity for over two years in August, according to the flash estimate. The PMI rose for the fifth successive month, up from 50.5 in July to 51.7, the highest since June 2011. The above-50 readings signal two consecutive months of rising output, in contrast to declining business levels over the prior 17 months.
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