Eurozone economic activity continues to surge, according to a benchmark private sector survey, as growth rates in the core of the currency area accelerate to their fastest rates in more than six years.
IHS Markit Economics' Composite PMI reading of Eurozone growth rose to 56.8 in May, up from 56.7 in the previous month and the highest tally since 2011. Readings above 50 generally indicated economic growth. Markit's measure of manufacturing activity rose to 57.0, a 73-month high (up from 57.9 in April) while the pace of activity in the services sector slipped modestly to 56.2 from a previous reading of 56.4.
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