Financial Times FT.com

German economic recovery powers ahead

By Ralph Atkins in Frankfurt

Published: August 21 2009 10:12 | Last updated: August 21 2009 22:56

The eurozone economy is returning decisively to growth sooner than expected, boosted by Germany’s recovery jumping into a higher gear, according to closely watched surveys.

Purchasing managers’ indices for the 16-country region were the strongest since May last year, adding to evidence the recession was over and that policymakers might have underestimated pace of recovery.

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