Euro-Area Economy Set to Gather Pace as New Orders Fuel Hiring

Prospects of faster economic growth in the euro area are increasing.

A gauge of new orders recorded by manufacturers and service providers in the 19-nation currency bloc in March rose to the highest level since 2011, testing the capacity of a number of companies, London-based Markit Economics said on Tuesday. Employment increased at the fastest pace in more than 3 1/2 years.