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Euro zone business roars as Germany leads the pride

IHS Markit's composite flash PMI for the euro zone jumped to 57.5 this month, its highest since April 2011

Reuters  |  London 

Euro zone business growth is roaring ahead as the year draws to a close, surveys 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. An earlier sister survey from Germany showed Europe's largest economy shifted into an even higher gear in November as factories ...

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First Published: Thu, November 23 2017. 17:13 IST
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