Pursuits
European Services, Manufacturing Expand Most in Four Years
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Growth in Europe’s services and manufacturing industries accelerated to the fastest pace in more than four years in February, led by stronger output in Germany.
A composite index based on a survey of euro-area purchasing managers in the 17-nation euro region in both industries rose to 58.4 from 57 in January, London-based Markit Economics said in an initial estimate today. That’s the highest since July 2006 and above the median forecast of 56.9 of 15 economists in a Bloomberg News survey. A reading above 50 indicates growth.