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Euro zone economy races into Q4 with bumper growth - PMI

Signs the bloc is on a sustainable growth path, along with inflationary pressures

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Euro Zone Economy

Reuters  |  London 

The euro zone economy bounded into the second quarter with strong broad-based growth, according to a survey showing businesses increased activity at the fastest rate for six years as new orders stayed robust. Signs the bloc is on a sustainable growth path, along with inflationary pressures, will be welcomed by the European Central Bank, which has struggled for years to achieve either, despite ultra-loose monetary policy. Consumer confidence is also improving. IHS Markit's Flash Composite Purchasing Managers' Index, seen as a good guide to growth, climbed to 56.7 from ...

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First Published: Fri, April 21 2017. 17:54 IST
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