Eurozone Economy Picks Up Steam

    A woman holds euros bills after withdrawing her money from a cash machine in Barcelona, Spain, Wednesday Jan. 23, 2013. Spain's recession deepened in the fourth quarter of 2012, when the economy shrank by 0.6 percent compared with the previous three-month period, according to preliminary estimates from the Bank of Spain on Wednesday. (AP Photo/Emilio Morenatti)

    Emilio Morenatti/AP

    A private-sector study revealed Thursday shows that manufacturing output is driving the European currency zone to its highest level of economic activity in two years. The news comes shortly after the Eurozone officially pulled itself out of recession with a positive growth report in the second quarter of this year, helped by household spending in Germany and France. Still, there is little sign that the tepid growth will do much for the currency zone’s biggest problems, which include historic unemployment rates and a lack of confidence in public finances.

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