Job Creation Signals Euro-Area Economy May Pick Up in 2016
- 8 years ago
Euro-area companies are hiring at the fastest pace in more than four years in a sign of confidence that the region's economy will gather momentum in the coming months, according to Markit Economics.
Encouraging order intake pushed the rate of employment growth to the highest since May 2011, the London-based company said on Wednesday.
A Purchasing Managers' Index for manufacturing and services was at 54 in December, close to the 54.2 the previous month.
The European Central Bank cut one of its key interest rates this month and extended quantitative easing after updated projections showed that the region's inflation rate would rise slower than previously anticipated.
Economic confidence remained at the highest level in more than four years in November in anticipation of more stimulus.
Unemployment is at the lowest since early 2012.
Encouraging order intake pushed the rate of employment growth to the highest since May 2011, the London-based company said on Wednesday.
A Purchasing Managers' Index for manufacturing and services was at 54 in December, close to the 54.2 the previous month.
The European Central Bank cut one of its key interest rates this month and extended quantitative easing after updated projections showed that the region's inflation rate would rise slower than previously anticipated.
Economic confidence remained at the highest level in more than four years in November in anticipation of more stimulus.
Unemployment is at the lowest since early 2012.