Euro zone price discounting drives growth in activity

April 7, 2015 10:31 AM

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Euro zone price discounting drives growth in activity

LONDON (Reuters) - Price discounting drove growth in all of the euro zone's major economies in March, helping business activity increase at its fastest rate for nearly a year, a survey showed on Tuesday.

New orders came in at their fastest rate since May 2011 and the survey found that companies have now been cutting prices for three years, although not as sharply in March as before.

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