Euro-Area Companies Boost Jobs as Output Nears 12-Year High

A composite Purchasing Managers’ Index rose to 58.8 in January from 58.1 in December, IHS Markit said. That unexpectedly beat the previous flash estimate of 58.6, with the revision driven mainly by better-than-expected momentum in the service sector, led by Germany.


“The strong upturn is also broad-based, which adds to the potential for the growth to become more self-sustaining,” said Chris Williamson, chief business economist at IHS Markit. “If such impressive numbers continue to be seen in coming months, expect policymakers to sound increasingly hawkish.” Read more here→