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12/6/05

Eurozone service sector growth hits 16-month high

Turkish Daily News

"Eurozone service sector growth hits 16-month high
Tuesday, December 6, 2005

Ruth Pitchford

LONDON - Reuters

Business in the euro zone's service sector grew at its fastest pace in 16 months in November, encouraging some companies to try raising their charges, a major survey showed on Monday.

Combined with a companion survey on manufacturing, published last Thursday, the data suggests the euro zone's quarterly economic growth rate could rise to 0.7 percent in the last quarter of this year after 0.6 in the third quarter, according to NTC Research that compiles the surveys."

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