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Euro-Area Factories End 2015 With Best Growth in 20 Months

The Renault production line at the company’s factory in Maubeuge, France.
Photographer: Balint Porneczi/Bloomberg
Updated on

Manufacturing in the euro area accelerated at the fastest pace in 20 months in December as rising new orders propelled output.

A Purchasing Managers’ Index for the industry rose to 53.2 from 52.8 in November, exceeding a Dec. 16 estimate for an increase to 53.1, Markit Economics said on Monday. For the first time since April 2014, manufacturing expanded in all nations covered including Greece, according to the report.