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Eurozone factory activity at 6-year high on weak euro: Markit

Survey also showed new export orders sub-index rose to highest since April 2011

Published Wed, Mar 1, 2017 · 09:50 PM

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    Brussels

    THE upturn in eurozone factory activity accelerated in February to the fastest rate in nearly six years, according to a business survey on Wednesday that also showed a weaker euro boosted demand for exports.

    IHS Markit's final manufacturing Purchasing Managers' Index for the eurozone rose to 55.4 in February, the highest since April 2011, from January's 55.2. It was revised down slightly from a flash estimate of 55.5 but remained far above the 50 mark denoting growth in activity.

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