Charts and analysis provided by David N. Frazier: Editor of the ETF Strategist
Data
European financial research firm Markit announced this morning that economic activity in the 17-nation Eurozone improved for the third consecutive month during the first half of January as a result of a substantial improvement in Germany's economy and a modest improvement in France's economy.
Trend
Markit's composite Purchasing Managers' Index for the Eurozone has trended higher since November 2011.
Analysis
The recent improvements in Markit's composite Purchasing Managers' Index indicates that the pace of economic growth in the Eurozone will increase during the next couple of months.
Impact
In spite of Europe's ongoing problematic situation, the improvement in Europe's economic activity during the past three months suggests that Europe's debt crisis has ended.