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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/eurozone-sees-manufacturing-growth.jpg"><img class="alignnone size-full" title="Eurozone enjoyed a pick-up in manufacturing towards the end of last year, a survey has revealed" src="http://londonglossy.com/wp-content/uploads/2011/01/min-eurozone-sees-manufacturing-growth.jpg" alt="Eurozone enjoyed a pick-up in manufacturing towards the end of last year, a survey has revealed"/></a></p>
<p>The eurozone enjoyed a pick-up in manufacturing towards the end of last year, a survey has revealed.</p>
<p>The Markit Purchasing Managers&#8217; Index (PMI) recorded a level of 57.1 for December &#8211; a reading above 50 indicates growth &#8211; up from an earlier estimate of 56.8 and above November&#8217;s 55.3.</p>
<p>The strongest growth was recorded in Germany, but Greece&#8217;s manufacturing sector continued to shrink, according to the PMI.</p>
<p>The figures offer rare cheer to the eurozone, which has been mired by ongoing concerns over the sovereign debt crisis.</p>
<p>Chris Williamson, chief economist at Markit, said: &#8220;Manufacturing output growth gathered pace again in December, putting the sector on a strong footing to start the new year.&#8221;</p>
<p>He went on: &#8220;Germany remained the star performer, seeing near-record growth, followed by France, where the PMI slipped only slightly from November&#8217;s 10-year peak.</p>
<p>&#8220;However, welcome signs of recoveries were also evident in the periphery, where export sales helped boost output growth in all cases except Greece, where the rate of decline at least moderated.</p>
<p>&#8220;The data therefore suggest that the manufacturing recovery may be broadening out to help lift economic growth outside of the French-German core in early 2011.&#8221;</p>
<p>The eurozone fell heavily under scrutiny last month when Ireland followed in the footsteps of Greece and was forced to accept a multi-billion pound bailout from the EU and IMF.</p>
<p>Economists feared the debt crisis would spread to other eurozone economies, including Portugal and even Spain.</p>
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