LONDON – A closely watched survey is showing that the 19-country eurozone economy was resilient in the face of the crisis in Greece, which saw the country on the brink of a euro exit.
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Financial information company Markit says Friday that its purchasing managers' index for the eurozone — a broad index of business activity — has risen to 54.1 points in August from 53.9 the previous month. Anything above 50 means the economy is expanding. Markit estimates the economy to be growing at a quarterly rate of 0.4 percent.
The increase was largely due to a pick-up in Germany, Europe's biggest economy, and in some of the countries that have been at the forefront of the region's debt crisis over the past few years.
France, though, was a laggard once again.