Survey: Eurozone business growth accelerates

Mar 06, 2014, 1:39 AM EST
A worker is lifted by a crane at a construction site for a new shopping mall in Berlin, on August 1, 2013.
AFP/File, John Macdougall

Business growth in the eurozone accelerated last month to its fastest pace since June 2011, a survey says. The final Markit Eurozone Composite Purchasing Managers' Index (PMI) for February was 53.3. This was higher than an earlier, preliminary estimate of 52.7, and above the 50 level that indicates expansion. Markit said the figures indicated the eurozone is set to grow by 0.4-0.5% in the first quarter of 2014, which would be the best growth for three years.
Background:
Eurozone business growth accelerated in February, PMI survey says [BBC]
Strong eurozone data take heat off ECB [WSJ]

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