Economics
Euro Region Economy Strengthens Amid Wrangling on Greece
The DAX index curve is seen on an electronic column at the Frankfurt Stock Exchange in Frankfurt, Germany.
Photographer: Hannelore Foerster/BloombergThis article is for subscribers only.
Euro-area manufacturing and services strengthened this month, indicating the region’s economy is building momentum even as concerns mount about a possible Greek exit from the common currency.
A composite Purchasing Managers Index for both sectors rose to 53.5 from 52.6 in January, London-based Markit Economics said on Friday. That exceeded the median forecast of economists for a reading of 53 and is the highest in seven months.