Bulletin

Oil fuels pace of recovery in Eurozone

oil

Cheap oil and the European Central Bank's decision to launch a €1.1 trillion quantitative easing programme have helped to spur Eurozone growth to the highest level for four years, according to Markit's composite purchasing managers' index for March. Eurozone business activity accelerated in March at its equal-fastest pace for three years, at 54, up from 53.3 in February. The improvement was driven by a pick-up in orders, which rose at a rate not seen since May 2011. Credit Suisse economists expect the Eurozone to produce GDP growth of 0.4% in the first quarter. The ECB bought nearly €61bn of government bonds and other assets in March, narrowly beating its target in the first month of its asset-purchase programme.

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,…

Santander’s local Business Banking team recently held a Breakthrough Masterclass at the English Whisky Company, with local East Anglian…

Where Next?