Private sector growth stays strong in Eurozone

 

Businesses across the eurozone have maintained April's blistering growth rate this month, according to surveys of thousands of companies.

Their main problem is meeting growing demand, so firms said they are building up backlogs of work.

IHS Markit – which carried out the surveys – said they suggest the eurozone's economic momentum is being sustained with a good pace of broad based growth.
“The fact we have maintained this high level in May is great news for second quarter GDP,” said Chris Williamson, chief business economist at IHS Markit.

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