Eurozone order books start to grow for first time since January 2012

Eurozone composite purchasing manager's index (PMI) has risen above 50, implying that order books are now finally starting to grow. PMI was last this high in Janaury 2012.

Analysts had forecast a rise from 48.7 to just 49.3. Manufacturing was up from 48.8 to 50.1 (49.2 expected) and services rose from 48.3 to 49.6 (48.5 expected). The Eurozone might finally be returning to growth.