More signs have emerged that the eurozone’s recovery is strengthening, with a closely-watched poll of purchasing managers indicating activity is now rising at its fastest pace in almost four years. The flash purchasing managers’ index for the eurozone, compiled by data firm Markit, registered 54.1 this month, up from 53.3 in February. The figure is the highest since the spring of 2011 and is well above the crucial 50 level that marks an expansion in activity. There were indications that activity would remain strong in the months ahead, with a separate reading for new orders also hitting its highest level since May 2011. The single currency’s decline against the dollar helped ease deflationary pressures, with the cost of input prices rising at the fastest pace for more than a year. While firms continued to slash prices in the face of weak demand, some managed to pass on the higher […]