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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The eurozone economy returned to growth for the first time in six months in March, a closely watched survey said Wednesday, as coronavirus lockdowns had little effect on manufacturing, especially in Germany. "The eurozone economy beat expectations in March, showing a much better than anticipated expansion thanks mainly to a record surge in manufacturing output," IHS Markit Chief economist Chris Williamson said. The firm's PMI index rose to 52.5 points in March from 48.8 points in February, breaking through the 50-point level which indicates growth. IHS Markit's survey showed that a major pickup in activity in Germany, the eurozone's biggest economy, had lifted manufacturing output in the single currency bloc to 63 points, its highest reading since 1997. The services sector however still lingered in recessionary territory under the effects of the pandemic, but the rate of decline was weakening, IHS Markit said. The acceleration in manufacturing also affected hiring as manufacturers saw headcounts rise at a rate not seen since August 2018. Services, which includes the hard hit tourism and hospitality sectors, only saw a far more modest rate of job creation, the survey said. The doldrums felt in the services sector were expected to continue, with the pandemic still bringing extreme difficulties to consumer-facing businesses. "This two-speed nature of the economy will therefore likely persist for some time to come," Williamson said. IHS Markit also warned that the surge in demand for goods was "stretching supply chains to an unprecedented extent" which could trigger some consumer price inflation in the coming months. arp/dc/bmm
schema:headline	Eurozone economy returns to growth as Germany revs up
schema:mentions	Acceleration Eurozone Inflation Germany Pandemic Coronavirus disease 2019 The Doldrums (album) Chief economist Chris Williamson (politician) Currency crisis IHS Markit Air Raid Precautions in the United Kingdom
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-24 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	82 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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