Mexican Media Brands
Eurozone Business Activity Hits 7-Month High
Growth of business activity in the eurozone climbed to its highest level since July, as growth in Germany and France offset slowing expansion elsewhere, London-based Markit Economics Ltd. says.
#economics
Share
Growth of business activity in the eurozone climbed to its highest level since July, as growth in Germany and France offset slowing expansion elsewhere, London-based Markit Economics Ltd. says.
Markit's eurozone purchasing managers' composite output index rose to 53.5 in February from 52.6 in January, according to preliminary data. Final results are due in early March.
The research firm notes that employment in the region is growing at its fastest pace since 2011. But it also cautions that expansion is heavily dependent on the service sector.
Markit describes February's manufacturing growth as "subdued" and warns that continued weakness in the sector "remains a major concern."
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.