October was strongest month for eurozone factories in almost 7 years
Robust growth alongside increasing price pressures will be welcomed by policymakers at the ECB
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London
MANUFACTURERS in the eurozone had their strongest month since early 2011 in October as factories struggled to meet booming demand despite adding staff at the fastest rate in at least 20 years, a survey showed on Thursday.
"Eurozone factories started the fourth quarter with increased vigour, with the sector's growth spurt showing no sign of abating," said Chris Williamson, chief business economist at survey compiler IHS Markit.
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