NEW YORK TIMES: Economic activity in the euro zone this month reached its highest level in more than two years as manufacturing grew, new survey data indicated on Thursday, providing another glimmer that a slow expansion might finally be under way.
A survey of corporate purchasing managers by Markit Economics, a data and analysis firm in London, pointed to a broad — if tentative — recovery in the zone, the 17 European Union countries that use the euro…
Although not all the news was good — the survey indicated a contraction in French output during the month — the results were the second recent set of promising signals. Last week, official data showed that Europe broke out of recession in the second quarter of the year, helped by a rebound in household spending in Germany and France… (more)
