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Beverages remains clear at top of EU sector rankings

Staff writer ▼ | April 11, 2016
The latest release of EU Sector PMI data from Markit showed that beverages was by far the best performer in March.
Beverages Europe
Report   Markit Europe Sector PMI
Output rose at the fastest rate in fifteen-and-a-half years. Software & services placed second thanks to the strongest increase in activity since September 2015.

With food, autos and hi-tech equipment also in the top ten, consumer goods and technology were the fastest-growing of seven broad groups monitored in March.

A sharp rise in new orders helped to sustain the dominance of beverages among the detailed sectors. Growth of new business was the quickest since early-2008. As well as topping the rankings in both of the past two months, beverages led the way on average in Q1 2016 and across 2015 as a whole.

Meanwhile, food and banks made the greatest gains in terms of league position in March. Both surged 14 places to third and fourth respectively.

Other financials staged a recovery having been bottom-ranked in February, climbing 12 places to tenth on the back of a renewed expansion in activity.