01.04.2015 - Business activity in the euro area rose more than expected
In March, the manufacturing PMI rose to 52.2 in the euro area, against 51.9 in February. Analysts predicted that the rate will remain at the same level. The region's economy has responded positively to the launch of the program of quantitative easing Eurozone, according to which the assets will bepurchased on a monthly basis for 60 billion euros. It is worth noting that was recorded strong growth in export orders, boosted by the weaker euro. It should be noted that further downward movement euro is likely to continue in the medium term and the increased volatility in the near future will be caused by the negotiations on restructuring Greece's debt in the next three weeks.