Eurozone manufacturing activity expanded at the fastest pace since April 2014, final survey data from Markit showed Monday.
The final manufacturing Purchasing Managers’ Index rose to 53.2 in December from 52.8 in November. The flash score was 53.1.
The sector continued to make solid progress at the end of 2015, as rates of growth in production, new orders and new export business all improved.
Although input costs and output charges declined again, trends in both provided further evidence of deflationary pressures easing, survey showed.
“With eurozone manufacturing still some 9 percent off its pre-crisis peak, it looks as if the sector still has some distance to travel before the climb back to full recovery is completed,” Rob Dobson, senior economist at Markit, said.
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