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
-
Light Rider
When you think of the forthcoming LA Auto Show and Los Angeles in general, you may think of (1) very expensive, very large vehicles being piloted by very egotistical stars and (2) very jammed freeways full of the aforementioned, as well as numerous other vehicles of a less ostentatious variety.
-
McLaren Masterpieces
One thing that is certain about McLaren Automotive is that when it creates its sculptural masterpieces that are otherwise known as “high-performance cars,” it makes extensive use of carbon fiber materials, as well as serious handcraftsmanship in the execution of the vehicles.
-
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
