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Euro-Area Economy Opens 2018 With Best Growth in Almost 12 Years

  • Composite PMI jumps to 58.6 from 58.1, exceeding estimates
  • Firms’ pricing power improves amid strengthening demand
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Portuguese Finance Minister Worried About Protectionist Policies

The euro-area economy strengthened further at the start of 2018, bringing with it signs of a long-awaited pickup in inflation.

The improvement lifted IHS Markit’s Purchasing Managers’ Index to 58.6 from 58.1 in December, higher than economists had forecast. The gauge is now at a level suggesting quarterly economic growth of close to 1 percent, according to the report.