Eurozone Momentum Gathers Into Year End

Euro zone business growth is roaring as the year draws to a close, a survey showed on Thursday, supporting the European Central Bank’s move last month to announce a throttling back of its monetary stimulus.Surveys covering both the services and manufacturing industries outshone even the most optimistic forecasters in Reuters polls – indicating growth is broad-based – with factories having the second best month in the index’s history.The bloc has emerged as the surprise economic star of 2017, with growth rates outpacing its peers, and future-looking indicators in the latest Purchasing Managers’ Index (PMI) suggest the upturn still has momentum.

Source: Euro zone businesses roar towards year-end – PMI – Reuters

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