2017.02.2106:10:00UTC+00Eurozone economy recoups on greater optimism, orders

Economic activity in the eurozone regained its ground in nearly six months as inflationary pressures continued to increase and the bloc's recuperation has broadened.

According to IHS Markit, the composite Purchasing Managers' Index rose to 56.0 in February from 54.4 in January, putting the region on course for a 0.6% quarterly expansion.

IHS Markit chief business economist Chris Williamson said firms are presently working on expanding their business in the light of escalating sales and higher orders. He added the European Central Bank will be encouraged by further recovery in prices and hints of firmer growth.