job creation reached its fastest since August 2007, propelled by strong demand and optimism about the future, a survey found.
IHS Markit’s eurozone flash composite Purchasing Managers’ Index, seen as a good overall growth indicator, rose sharply to 56.0, the highest since April 2011, from 54.4 in January, confounding expectations for a slight dip to 54.3.
The broad-based acceleration, which showed France’s momentum getting close to Germany’s, suggests that if sustained, economic growth could hit 0.6 percent in the first quarter, according to Markit.
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