The eurozone is in impetus

The economic growth in the eurozone grew at its fastest pace in four-and-a-half years, although companies continue to cut prices, fuelling expectations that the European Central Bank will bulk up its monetary stimulus programme next month.

According to a flash estimate by the data firm Markit, the eurozone purchasing managers’ index hit 54.4 this month, up from 53.9 in October, and comfortably above the 50 mark that indicates economic expansion. The PMI, a monthly survey of about 5,000 eurozone businesses, takes account of factors including new orders, employment and production. (MTI)