LONDON – A closely watched survey is showing that the eurozone economy, made up of the 19 countries that use the euro currency, has ended the third quarter on a strong note, in a development that further reinforces hopes about the state of the region's recovery.
Continue Reading Below
Financial information company IHS Markit says Friday that its main gauge of the eurozone's business activity — the so-called purchasing managers' index — jumped to a four-month high of 56.7 in September, a whole point above the previous months' rate.
The firm's chief business economist Chris Williamson says that points to a high quarterly economic growth of 0.7 percent, "with accelerating momentum boding well for a buoyant end to the year."
However, he said the stronger euro was cited as a source of concern for manufacturers.