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Eurozone growth indicator rebounds

(BRUSSELS) - The eurozone recovery picked up in December, according to revised estimates on Monday from a closely-watched purchasing managers' index (PMI) survey.

The Markit indicator of industrial and services activity rebounded to 57.1 points in December against 55.3 in November and 54.6 in October.

The December figure was initially given as 56.8 points.

The upward revision leaves the PMI at its best level since April, when the indicator hit a 46-month high.

The index has been above 50 points, which signals growth, for the past 15 months.

The Markit company which compiles the PMI said encouraging signs of a recovery were visible in eurozone peripheral states as well as in Germany, Europe's biggest economy, and France.


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