The Traderszone Network

Published in TZ Latest News 6 May, 2014 by The TZ Newswire Staff

Euro zone businesses off to bumper start in second quarter: PMI

While Germany continued to lead the upturn, businesses in Spain and Ireland grew at their fastest pace since before the financial crisis. Survey compiler Markit said the Composite Purchasing Managers’ Index pointed to second-quarter growth of 0.5 percent, which would be the strongest in three years. The data will come as a relief to the European Central Bank, which has so far shrugged off calls for extra stimulus through another interest rate cut or outright asset purchases.

read more