Bulletin

Confidence high in eurozone after ECB's QE 'bazooka'

Index

A survey suggests that eurozone companies have taken heart from the European Central Bank's decision to unleash a Eur1.1tn stimulus into the economy, with business confidence rising to its highest level in three-and-a-half years. Markit's purchasing managers' index found that expectations of business activity for the year ahead have risen to their highest since May 2011. The PMI climbed to 53.5 in February, up from 52.6 in January, marking the third consecutive month of expansion among eurozone companies. Meanwhile, job creation grew at its fastest rate since August 2011. Chris Williamson, chief economist at Markit, said the ECB's 'quantitative easing bazooka' had boosted confidence at companies. But he warned: 'Growth is looking lopsided, and very much dependent on the services economy where lower prices are fuelling growth, especially in consumer-facing sectors. The weakness of the manufacturing economy remains a major concern.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

An experienced early years practitioner in Devon has secured the future of a local nursery by acquiring the business in addition to their…

Where Next?