Tags: EU | Europe | Economy

Eurozone Jobs Growth Running at 'near-decade Highs'

Tuesday, 23 May 2017 05:43 AM

BRUSSELS (AP) — A closely watched survey of business activity across the 19-country eurozone shows economic growth holding steady at a six-year high in May while job creation has picked up to one of the highest levels in nearly a decade.

Financial information company IHS Markit says Tuesday that its purchasing managers' index — a broad gauge of economic activity — for the eurozone was unchanged at 56.8 in May.

The survey is consistent with quarterly economic growth of 0.6-0.7 percent, higher than the first quarter's 0.5 percent growth.

Chris Williamson, IHS Markit's chief economist, says the consensus forecast for second-quarter growth of 0.4 percent may prove "overly pessimistic."

He also noted that job creation has surged to the second-highest in nearly a decade as firms expand capacity and meet rising demand.

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A closely watched survey of business activity across the 19-country eurozone shows economic growth holding steady at a six-year high in May while job creation has picked up to one of the highest levels in nearly a decade.Financial information company IHS Markit says Tuesday...
EU,Europe,Economy
129
2017-43-23
Tuesday, 23 May 2017 05:43 AM
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