The year 2015 ended on a positive note for the economy of the euro area, according to the latest PMI survey by Markit in the region.
The final PMI index Markit composite ‘of overall activity in the euro area has thus recovered to 54.3 in December against 54.2 in November, exceeding its flash estimate 54 .
The indicator reports for the 30th consecutive month of growth in the euro area private sector.
In services, the final index of service activity rose to 54.2 in December as in November, compared with an estimate ‘flash’ 53.9 , showing that activity continues to grow at a pace ‘supported’.
‘The eurozone is preparing to begin the new year on a solid footing and should continue to benefit from strong economic growth in 2016, “commented Chris Williamson, Markit chief economist.
The analyst believes and GDP growth in the euro area to 1.5% over the full year 2015.
In a statement, Chris Williamson cautions that the region can not maintain strong performance throughout 2016 without being able to rely on the French economy rebound.
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