More Signs Eurozone Entering Recovery

Composite output index rises more than expected


The Eurozone private sector recovery gathered momentum with the strong support of services activity, adding to signs that the region is recovering firmly from the longest recession, Purchasing Managers' survey results showed Monday.

The flash composite output index rose more than expected to 52.1 in September, a 27-month high, from 51.5 in August, according to preliminary figures from Markit Economics.