Eurozone economy set for 鈥榬obust expansion鈥
Print Edition
THE 19-country eurozone economy is poised for a year of “robust expansion” following its best quarterly performance in four and a half years, a closely watched survey indicated yesterday.
Financial information company Markit said its purchasing managers’ index — a broad gauge of activity across the manufacturing and services sectors — rose to a four-month high of 54.3 points in December from 54.2 the previous month. That monthly growth rounded off the best quarterly performance since the middle of 2011, according to Markit.
“The eurozone economy starts 2016 on a solid footing and well placed to enjoy a year of robust expansion,” Markit’s chief economist Chris Williamson said.
But Williamson said the eurozone economy is still not running on all cylinders. Overall growth in 2015 is only expected to be around 1.5 percent.
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