In March, factory activity in the euro area reached a record 24-year high, according to a business survey carried out by the research firm IHS Markit. IHS Markit’s final Manufacturing Purchasing Managers’ Index (PMI), which is considered a good gauge of economic health, showed it had jumped to 62.5 in March from February’s 57.9, way ahead of the projected 62.4. The surge marks the highest reading since June 1997, when the survey began. Also on rt.com Eurozone business activity rises for the first time in half a year as manufacturing sector shows signs of recovery
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