European manufacturing on the rise
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The manufacturing sector in France and Germany continues to grow, according to latest figures.
In Germany, both output and employment positions increased in October, the Markit Flash Eurozone Composite Output Index shows.
This is helping the overall recovery of manufacturing in the eurozone. The rest of the eurozone showed slight growth, with the index reporting the first rise in four months.
Commenting on the Flash PMI data, Chris Williamson, chief economist at Markit, said: "Growth remains very unbalanced, led by a renewed surge of output and employment in Germany – which is driving economic growth at almost twice the euro area average – while the periphery continues to struggle with extremely tough conditions."
The Markit Eurozone Services Business Activity Index showed that France's service sector experienced strong growth during September, which has also assisted European economic recovery.
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