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Purchasing Managers’ Index

Eurozone growth at highest pace in six years: survey

BRUSSELS: The eurozone economy grew at its fastest pace in six years in February, as all signs pointed to the recovery maintaining "strong momentum," a closely watched surved showed Tuesday. Data monitoring company IHS Markit also said job creation in the 19-country eurozone recorded its best level for nearly a decade. It said its February Composite Purchasing Managers Index came in at 56.0 points, up from 54.4 points in January, with growth accelerating in both manufacturing and services. "The latest reading was…

Oil prices fall in Asia as China slowdown weighs

SINGAPORE: Oil prices fell in Asia Monday after data showed China's economy posted its slowest growth for more than six years in the third quarter, reinforcing worries about demand from the world's top energy guzzler.