Mexican Media Brands
Economic Growth in Eurozone at 6-Year High
Economic growth in the eurozone continued in May at its fastest pace in six years, according to the IHS Markit Eurozone PMI Composite Output Index.
#economics
Share
Economic growth in the eurozone continued in May at its fastest pace in six years, according to the IHS Markit Eurozone PMI Composite Output Index.
The report, which tracks purchasing activity, calculates an index of 56.8 for May. Any number above 50 indicates growth.
Manufacturing led last month’s expansion, especially in Germany, according to the report. France and Spain also generated stronger indexes. Growth slowed slightly in Italy. But all four countries registered among the greatest increases in employment in a decade.
IHS Markit says its surveys reveal a “broad-based upturn” that is likely to continue well into the year. The firm predicts corresponding upward adjustments in 2017 economic growth estimates by forecasters.
RELATED CONTENT
-
On Automotive: From Supercars to Supply Chains to Stamping
New tech developments in automotive ranging from the e-motor for a McLaren supercar to how Volkswagen Group is using artificial intelligence for supply chain monitoring to how Nissan is stamping without dies
-
Honda Rocks, Too
Maybe it has something to do with the start of summer.
-
On Developments at Lincoln, Magna, Fiskar, Volvo and More
Lincoln’s plans for electric; Magna and Fisker working together; Polestar in South Carolina; the Volvo XC60 driven; VW gets deep into 3D; Porsche exec on electric; BMW and hydrogen; Staubli cell for tire sensors; and Bridgestone invests in autonomous trucking company.
