Financial Times FT.com

Eurozone economic activity surges

By Ralph Atkins in Frankfurt

Published: October 23 2009 11:06 | Last updated: October 23 2009 11:06

Eurozone private sector economic activity grew at its fastest pace for almost two years in October, according to a closely watched survey, but other evidence suggested Germany’s recovery is starting to disappoint.

Economic forecast

Purchasing managers’ indices for the 16-country region showed output expanding for a third consecutive month and with the largest gain since December 2007. That suggested the growth rebound seen in the third quarter has continued into the final three months of the year.

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