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Europe Manufacturing Expansion Accelerates


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November 23 (Bloomberg) -- Europe’s services and manufacturing industries expanded at the fastest pace in two years in November after a reviving global economy helped the euro region emerge from the worst recession in more than 60 years.

A composite index based on a survey of purchasing managers in both industries in the 16-nation euro area rose to 53.7 from 53 in October, London-based Markit Economics said today in a statement. That was the highest since November 2007. A reading above 50 indicates expansion.

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  • keithisco

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And finally..... the figures coming out in Madrid show the economy here is also recovering quite strongly. Good news all round I think, but cautious good news.

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