The eurozone’s economic strength in March experienced “its best growth momentum since 2011”.
The respected Markit index findings gave analysts reason for some optimism that the region’s pace of expansion could gather pace in the coming months.
Positive growth was registered in Spain, Germany and Italy, three of the area’s largest economies.
The French economy appeared to have weaker growth, but the welcome news was that all “four largest euro nations are now back in expansion”.
Markit's survey also revealed that the growth of new businesses in the euro area hit a four-year record in March, as employment rose at its fastest pace since August 2011.
Cheaper oil and the European Central Bank’s quantitative easing programme appear to have helped.
Markit also reported that the UK’s recovery “moved up a gear” in March with the services sector powering ahead at a significant clip.
A host of new orders means that Britain’s economy is set fair for continued growth.
Comments
Allowing other EU foreigners to not just live in your country but also be economically active. The government at all levels doing all it can to facilitate the outsider to start and run their small business.
But racism cannot be eradicated overnight. How many generations are needed before the pendulum begins to swing towards the EU outsiders ?