Posts tagged "eurozone"

Eurozone industry ‘growing again’

Private sector industry in the eurozone returned to growth in July, according to a closely-watched survey, boosting hopes that the single currency area will soon emerge from recession.   The Markit eurozone Purchasing Managers' Index (PMI), which measures business output, was 50.4 in July. A figure above 50 indicates expansion.   July's figure was up from 48.7 in June, and marks an 18-month high.   The eurozone has been in recession since the end of 2011.   "T...

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China & Germany Target Doubling Trade

China and Germany signed deals worth more than $15 billion on Tuesday as the leaders of the world's top two exporters set a target of doubling their annual trade by 2015.   Chinese and German leaders are meeting for trade talks in the German capital Berlin, with the Chinese seeking new investment by hi-tech companies. Chinese Premier Wen Jiabao arrived on Monday evening on the final leg of his European tour, and is meeting German Chancellor Angela Merkel. Germany is by far China's big...

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