Eurozone economic prospects look up

Article reports that a surprisingly sharp drop in the pace of the eurozone’s economic contraction has boosted hopes that the worst of its recession will soon be over.

A record rebound in the April 2009 purchasing managers’ indices for the 16-country region provided the most substantial evidence yet that economic fortunes are improving. But they remained consistent with gross domestic product falling and also showed unemployment rising at a record pace.

Website: Markit Economics http://www.markiteconomics.com/Default.aspx

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