Monday, May 05, 2014

Euro zone factory recovery broadens, except for France --- Euro zone factory recovery broadens, except for France -- (Reuters) - The recovery in euro zone manufacturing accelerated at the start of the second quarter with solid growth across most of the bloc although French factories struggled to maintain momentum, a business survey showed on Friday. -- Growth was again led by Germany, Europe's largest economy, and previously-lagging companies in Spain and Italy reported better business last month. -- It was the first time since November 2007 that all PMIs in the region indicated growth - coming in above the 50 break-even level. -- But separate data showed euro zone unemployment fell only slightly to 11.8 percent in March, still near a record high, a sign that European households are yet to feel much of the corporate economic recovery. -- But separate data showed euro zone unemployment fell only slightly to 11.8 percent in March, still near a record high, a sign that European households are yet to feel much of the corporate economic recovery. -- "Recent economic evidence remains consistent with the European Central Bank's baseline scenario which is that of a gradual recovery," said Philip Shaw at Investec. - More, at: http://www.reuters.com/article/2014/05/02/us-pmi-manufacturing-eurozone-idUSBREA4106W20140502

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