Eurozone manufacturing sector growth hits record

Article source
Financial Times

European factories have reported their strongest month since before the creation of the euro, capping off a much better than expected year for businesses in the single currency area.

The eurozone manufacturing purchasing managers’ index in December hit 60.6, its highest level since surveys began in mid-1997, according to figures released on Tuesday. Any figure above 50 indicates expansion over the month.

The figures confirmed earlier “flash” estimates, which suggested the sector had recorded its best annual performance on record, while new national-level data pointed to broad-based growth across the continent.

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