Eurozone Business Activity Grows at Fastest Pace in 15 Years Thanks to Demand

A survey showed that business activities in the eurozone grew at the fastest pace in 15 years this month, as the easing of public isolation measures and the release of demand led to a boom in the services sector that dominates the bloc.

The preliminary reading of the IHS Markit Composite Purchasing Managers’ Index, which is a good indicator of the health of the economy, jumped to 59.2 from 57.1, the highest reading since June 2006. It also topped the 50-point level separating growth from contraction and a Reuters poll estimate of 58.8.