Euro-area private-sector business activity reached its highest level in a year – suggesting the region’s economic rebound is taking hold.
S&P Global’s purchasing managers’ index rose to 52.3 in May – exceeding analyst forecasts and coming in above the 50 threshold that signals growth for a third month.
“This looks as good as it could be,” said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. “The euro zone’s economy is gathering further strength. Encouragingly, new orders are growing at a healthy rate while the…
