FILE PHOTO: FILE PHOTO: Employees of German car manufacturer Mercedes Benz make final adjustments at the end of the Mercedes A class (A-Klasse) production line at the factory in Rastatt, Germany, January 22, 2016. REUTERS/Kai Pfaffenbach/File Photo
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If the latest surveys of business intentions are to be believed, the eurozone economy is sparkling, growing at a pace that easily explains the hints from some European Central Bank policymakers of a pullback from their easy-money regime. IHS Markit's eurozone Flash Composite Purchasing Managers' Index, an influential guide to the buying plans of businesses and hence growth, hit a near six-year high this month.Earlier this month, the ECB pledged to extend its bond-buying program to at least the end of the year, citing weak underlying inflation and lackluster growth in the eurozone.Markit's eurozone PMI sub-index measuring prices charged by businesses rose to a near six-year high of 53.3 .Inflation in the eurozone was 2.0 percent in February – around the ECB's target.
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