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Rest of EZ grew in line with Germany (PMI data)

EUROZONE DATA

Most of the rest of the Eurozone grew in line with France (rather than Germany), according to the PMI press release. Other highlights:

  • "Divergent trends were seen by sector. While manufacturing output growth accelerated sharply to the highest since data were first available in 1997"
  • "The rate of contraction in the service sector nevertheless moderated to the slowest seen over this period, thanks to spill-over benefits from strong manufacturing growth, a modest easing of virus containment measures and encouraging prospects for the year ahead."

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