- June 23, 2021
- Posted by: Stratford Team
- Category: Business
A couple of tourists looks at the Balos beach and its lagoon in the north west of the island of Crete, on May 13, 2021.
LOUISA GOULIAMAKI | AFP | Getty Images
LONDON — Euro zone business activity has grown at its fastest pace in 15 years this month, according to preliminary data released Wednesday.
The 19 economies have recently taken different steps to reopen their economies as the vaccination programs continue to accelerate. France has, for instance, lifted a night curfew and the need to wear a face mask outdoors. Italians are now able to have their coffee standing at a counter, as is their tradition, after indoor dining resumed. In addition, more tourists are now being welcomed into the region.
IHS Markit’s flash composite PMI for the euro zone, which looks at activity across both manufacturing and services, hit 59.2 in June versus 57.1 in May. A reading above 50 represents an expansion in economic activity.
“The eurozone economy is booming at a pace…
