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Eurozone businesses start 2018 on decade high as work floods in

Upturn driven by a strong performance in the bloc's dominant service industry

Published Wed, Jan 24, 2018 · 09:50 PM

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London

EUROZONE businesses kicked off 2018 in much better shape than anyone polled by Reuters expected, ramping up activity at the fastest rate since the middle of 2006, a survey showed on Wednesday.

The upturn was driven by a strong performance in the bloc's dominant service industry, where new business flooded in at a rate not seen in over a decade. That will cheer the European Central Bank as it moves towards tighter monetary policy.

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