Friday August 14, 2020

Euro zone set for robust growth in 2016 as orders fuel hiring

New data suggest growth in the final quarter of 2015 was the fastest in four-and-a-half years

6th January, 2016
The economic recovery in the 19-nation euro zone is picking up

The euro zone has entered a year of solid economic growth that may see companies expanding capacity to meet increasing demand, Markit Economics said.

A purchasing managers’ index (PMI) for manufacturing and services unexpectedly rose to 54.3 in December from 54.2 in November, compared with a December 16 estimate for a drop to 54, the London-based company said. The data suggest growth in the final quarter of 2015 was the fastest in four-and-a-half years, according to the report.

The...

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