Eurozone outlook brightens amid broad-based upturn

The pace of eurozone economic growth picked up further speed in March. The headline Markit Composite PMI, measuring growth of manufacturing and service sector business activity, rose from 53.3 in February to 54.0 (down slightly from the flash reading of 54.1). The latest reading matched the prior peak seen in April of last year, signalling a pace of expansion not exceeded since the first half of 2011.