Eurozone bouyant despite Greek blowout

Crisis what crisis appears to be the Eurozone’s reaction to the Greek crisis as business activity is at a four-year high.

Last month’s expansion was the latest spurt as the economy splashes all the ECB liquidity about.

Manufacturers appear to be steering clear of the free-for-all but growth was driven by services roaring ahead, suggesting consumer spending is also continuing to keep the tills ticking over.

Pollsters Markit said the numbers meant that away from the Greek drama the real economy was doing well, but the composite output price index was again lower, suggesting companies are still cutting prices to win trade.