Eurozone business activity growth fastest in three years in May

By MG News | May 21, 2021 at 03:26 PM GMT+05:00

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May 21, 2021: Business activity in the eurozone jumped at its fastest rate in three years, a closely watched survey said on Friday, as Europe's economy steadily reopened from months of strict Covid-19 restrictions.

The PMI index from economic data group IHS Markit said activity rose from 53.8 in April to a strong 56.9 in May, above the 50-point level that indicates growth.

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