Mexican Media Brands
Eurozone Growth at 6-Year High
The eurozone’s economy is expanding at its fastest pace since 2011, according to IHS Markit’s purchasing managers’ index.
#economics
Share
The eurozone’s economy is expanding at its fastest pace since 2011, according to IHS Markit’s purchasing managers’ index.
The index rose to 56.0 last month—a 70-month high—from 54.4 in February. Any number above 50 indicates growth. Manufacturing led the gain as growth in new orders and exports drove increases in Germany, France, Italy and Spain.
The employment rate across all sectors is at a nine-year high. Markit says job growth in all four countries remains above the region’s average.
But Eurostat notes that retail sales dipped in January for the third consecutive month, suggesting that higher prices are affecting consumer spending. Rising energy costs pushed annualized inflation to a four-year high of 2% across the 19-nation eurozone.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.