Eurozone manufacturing PMI rises to an 11-month high of 47.9 (flash 47.5) in January from 46.1...

|By:, SA News Editor

Eurozone manufacturing PMI rises to an 11-month high of 47.9 (flash 47.5) in January from 46.1 in December, with output improving in Germany, Holland and Ireland but with France's slump deepening. The data suggests "that the industrial sector is close to stabilizing after contracting throughout much of last year," says Markit, adding to the "expectation that the eurozone is on course to return to growth by mid-2013." (PR)