Eurozone factory activity grows at fastest rate in 32 months

|By:, SA News Editor

Eurozone manufacturing PMI increased to a 32-month high of 54 (flash 53.9) in January from 52.7 in December.

Germany led the expansion and Greek PMI returned to growth for the first time since August 2009, while Spain hit a 45-month high and France showed signs of stabilization

Improving new orders inflows and rising backlogs supported renewed job creation.

The data is consistent with GDP growth of 0.4-0.5% in Q1.

The euro is +0.1% vs the dollar. (PR)

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