By Euro Weekly News Media • 03 February 2014 • 15:15
OPTIMISM that growth in Europe is gathering pace boosted the euro against the dollar.
As news that manufacturing in Europe rose to its highest level in two-and-a-half years the euro made its biggest gains in four weeks against the dollar.
Data from Markit Economics backed up the feeling of optimism. Its January report on euro-area manufacturing output rose to 53.9, its highest level since May 2011. A level of 50 represents a standstill, below 50 a drop and above 50 an increase. The news on manufacturing follows hot on the heels that services also showed an increase in production according to Markit.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
Your email address will not be published. Required fields are marked *
Download our media pack in either English or Spanish.