European Central Bank (ECB) President Mario Draghi (2nd R) arrives at a meeting of the European Parliament's Economic and Monetary Affairs Committee in Brussels March 23, 2015. REUTERS/Yves Herman
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Eurozone businesses ramped up activity this month, just as the European Central Bank starts printing money to spur growth and inflation, while a slowdown among Chinese factories has fueled calls for more stimulus there.Markit's eurozone Composite Flash Purchasing Managers' Index, based on surveys of thousands of companies and seen as a good growth indicator, jumped to a near four-year high of 54.1 from February's 53.3 .The surveys pointed to first-quarter growth of 0.3 percent, Markit said, matching the previous three months but shy of the 0.4 percent median forecast in a Reuters poll taken earlier this month.A sub-index measuring prices charged rose to an eight-month high of 49.0, but it has now spent three years below the breakeven level, suggesting inflation won't be making any sudden leaps from February's – 0.3 percent.
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