Tags: APFN | EU | Europe | Economy

Eurozone Growth 'higher than Previously Thought'

Eurozone Growth 'higher than Previously Thought'

Wednesday, 05 July 2017 05:02 AM EDT

LONDON (AP) — A closely watched survey shows that economic growth across the 19-country eurozone was even higher than previously thought during June, more evidence of growing momentum in the single currency bloc.

Financial information firm IHS Markit says its main purchasing managers' index, which surveys both the manufacturing and services sectors, was at 56.3 points in June. Though that is slightly down on the previous month's 56.8, it's well ahead of the previous estimate of 55.7. Anything above 50 indicates expansion.

The average reading over the second quarter was 56.6, the best outcome since the first quarter of 2011. That, according to the firm, indicates healthy quarterly growth of 0.7 percent.

Perhaps the most impressive aspect of the survey is that it's broad-based and not just isolated to Europe's biggest economy, Germany.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
A closely watched survey shows that economic growth across the 19-country eurozone was even higher than previously thought during June, more evidence of growing momentum in the single currency bloc.Financial information firm IHS Markit says its main purchasing managers'...
APFN,EU,Europe,Economy
132
2017-02-05
Wednesday, 05 July 2017 05:02 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved