July 24, 2020

Eurozone business growth turns positive: IHS Markit

Brussels (AFP) – Business activity in the 19-nation eurozone is increasing for the first time since February, before the coronavirus lockdown, according to a survey of purchasing managers by IHS Markit.The firm’s PMI output index turned positive — hitting 54.8 points in July compares to 48.5 in June — and showed the sharpest rate of growth in July for just over two years.The index fell to its lowest ever level in April, plunging to 13.6 points — anything under 50 indicates a contraction. It improved to 31.9 in April and 48.5 in June. “The data add to signs that the economy should see a stro…

source https://this.kiji.is/en/659322784317129825?c=648607265489716321

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