Eurozone PMI Shows Growth Accelerating

The Purchasing Manager’s Index (PMI) for the Eurozone – comprised of the countries using the euro as their currency – rose to 53.0 in October from 51.1 the month before. Any index reading over 50 indicates growth.

Germany and Italy both showed modest rates of expansion, but France outpaced all member-countries helping to push Eurozone growth to its fastest rate of growth since 2007.

AFP News

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