European Manufacturing Growth May Have Accelerated in March - by Sheyam Ghieth
Expansion in European manufacturing probably accelerated for a second month in March, suggesting the economy is gaining momentum and can cope with a U.S. slowdown, a survey of economists shows. Royal Bank of Scotland Group Plc's manufacturing index rose to 55.7 from 55.6 in February, according to the median of 32 estimates in a Bloomberg News survey. A reading above 50 signals growth. European service industries probably grew at the same pace as a month earlier, a separate survey shows.
The economy of the 13 nations that share the euro is increasingly robust after digesting a sales-tax increase in Germany at the beginning of the year. Confidence among executives and consumers rose to a six-year high in March and unemployment fell to a record low.
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