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Euro zone economy showing signs of recovery, optimism builds - PMI
The euro zone's embattled economy has turned a corner, according to a business survey on Tuesday that showed businesses are more optimistic about the future but highlighted a growing chasm between the region's economies. Markit's Euro zone Composite PMI, which gauges business activity across thousands of companies and is seen as good gauge of growth, rose in January to a 10-month high of 48.6 from 47.2 in December - an improvement on the preliminary reading of 48.2. While still signalling a contraction as the index has been below the 50 mark that signifies growth since February last year, it has risen consistently in ... (full story)
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