Economics
Europe Business Index Points to Strongest Economy Since 2011
- Markit says deflation pressures remain: output prices drop
- Germany's composite PMI advances to three-month high
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Economic activity in the euro area hit a 4 1/2-year high this month, according to a new report that also pointed to weak price pressures.
A composite index of services and manufacturing rose to 54.4 from 53.9 in October, London-based Markit Economics said on Monday. That’s the highest reading since May 2011. The individual readings for both industries climbed, defying economists’ expectations for no change. Levels above 50 signify expansion.