Signs of life in European economy
The enduring recession in the eurozone seems to be easing at last, with key growth indicators giving a surprisingly strong showing. A purchasing managers index for July switched to give a growth reading for the first time for 18 months. In Germany, rates of increase in manufacturing output and service-sector activity hit 17- and five-month highs respectively. France, Italy and Spain each registered a further easing of contraction, with solid growth among manufacturers.
The enduring recession in the eurozone seems to be easing at last, with key growth indicators giving a surprisingly strong showing. A purchasing managers index for July switched to give a growth reading for the first time for 18 months. In Germany, rates of increase in manufacturing output and service-sector activity hit 17- and five-month highs respectively. France, Italy and Spain each registered a further easing of contraction, with solid growth among manufacturers.
InvestSMART FORUM: Come and meet the team
We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.
Want access to our latest research and new buy ideas?
Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.
Sign up for free