Eurozone shows recovery signs

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The eurozone’s battered economy appears to be on the mend but the gulf between its two biggest members is widening, according to a survey.

The research, based on business activity in January across thousands of companies, showed that overall optimism in the bloc was at an eight-month high.

But while Germany posted its best performance for 18 months, second-biggest economy France plummeted to its lowest standing in the survey for nearly four years.

Jennifer McKeown, economist at consultancy Capital Economics, said the gap between the two nations highlighted in the purchasing managers’ index report was a “really worrying sign”.

“It’s going to cause more tensions,” she said.