Euro zone manufacturing activity accelerated at its fastest rate in nearly three years last month, supported by a buoyant performance from Germany, while inflationary pressures showed further signs of recovery, a survey found on Wednesday.
The findings will make welcome reading for policymakers at the European Central Bank, who have struggled to get growth and inflation up despite years of ultra-loose monetary policy.
Markit’s final Purchasing Managers’ Index (PMI) jumped to a 33-month high of 53.5 from September’s 52.6, ahead of the preliminary flash reading of 53.3 and above the 50-mark that separates growth from contraction.
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