Eurozone economic growth is refusing to crumble and activity even bounced back this month, according to a closely watched survey.

The purchasing managers’ index for the 15-country region rose unexpectedly in February, pointing to a recovery in confidence after recent financial market turmoil. The survey helped “underscore the fact that the fundamentals remain sound at the moment”, José Manuel González-Páramo, executive board member of the European Central Bank, told Reuters Television.