Business News

BRUSSELS, Oct 24, (APP/AFP) – Eurozone business activity picked up strongly in October to a 10-month high, recovering from a dip in September, as economic powerhouse Germany led the way, a closely watched survey showed Monday. Data monitoring company IHS Markit said the October figures were encouraging, after months where the economy has bumped along the bottom and was then badly rattled by Britain’s shock vote to quit the European Union in June. It said its preliminary October Composite Purchasing Managers Index (PMI) for the 19-nation eurozone jumped to 53.7 points from 52.6 in September.