Economics
Euro-Area Economy Shakes Off Greek Shackles on Draghi Stimulus
This article is for subscribers only.
The euro-area economy strengthened last month, with a business index rising more than initially reported to the highest level in four years.
Markit Economics said its composite Purchasing Managers Index increased to 54.2 from 53.6. That’s above the flash number of 54.1 and marks the highest reading since May 2011. The index suggests the economy grew 0.4 percent in the quarter through June, matching the pace of the first three months of the year.