Germany Helps Euro-Area Factories to Best Growth in Two Years

(Bloomberg) — Manufacturing in the euro zone expanded at the fastest pace in more than two years thanks to a strong upturn in Germany, with a sharp pickup in trade helping to pull the economy out of the coronavirus recession.While Asia’s factories displayed fitful progress in September, the euro area saw output, new orders and confidence in business prospects all improve, according to an IHS Markit survey. At the same time, companies in the region continued to cut jobs — the latest sign that they remain skeptical that the current pace of recovery can be maintained.After a sharp initial rebound …read more

Source:: Yahoo Finance

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