Eurozone PMI shows things are looking up in the eurozone
24th March 2015 By: Ranko Berich
Eurozone PMI – 24/03/15
Things are finally looking up in the eurozone, with a set of PMIs that verge on a four-year high.
In addition to a broad expansion in actual business activity, the employment sub-index also reached its highest level since 2011. The weaker euro also seems to have triggered a boom in the German manufacturing sector, with increasing factory output and a strong order growth.
While unemployment remains high across the region, there is plenty of cause for optimism in the eurozone. The ECB’s quantitative easing programme will ensure the economy remains wrapped in cotton wool, and could just help it turn a corner in 2015.