Eurozone recovery shows first rise in employment for 2 years; Faster growth in services limits impact of sharp slowdown in manufacturing
May 21st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone recovery shows first rise in employment for 2 years; Faster growth in services limits impact of sharp slowdown in manufacturing - - the Markit Flash Eurozone Composite Output Index, based on around 85% of normal monthly survey replies, fell from April’s post-recession peak of 57.3 to 56.2 in May. Although signalling an easing in the rate of growth, the expansion was nevertheless the second-largest since August 2007 and the tenth successive monthly increase.