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Euro area’s businesses point to best growth quarter since 2011
Zone(s): Europe ¦ Sector(s): Economy
Markit’s purchasing managers’ index (PMI) for May, covering all sectors, came in at 53.5. The figure is down slightly from April’s three-year high, but any figure above 50 suggests that the economy is expanding. The services part of the PMI is now at a 35-month high, and output this quarter is now likely to be the best since 2011.
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