Economic Activity in the Eurozone Continues to Increase

Market researcher S&P Global reports that economic activity in the eurozone increased for the third month in a row in March.

The eurozone’s activity reached its highest level in seven months. Germany’s recovery was largely due to its extensive investment package in infrastructure and defence worth hundreds of billions of euros.

Europe’s largest economy is expected to grow again after five years of stagnation.

The S&P Global index, which measures overall activity in the eurozone, rose slightly to 50.4, the highest level since August last year. Activity remained above 50, which indicates the difference between growth and contraction.

The index has been above that limit since the beginning of this year. Industrial activity rose to its highest level in over two years, while service sector growth fell to its lowest level in four months.