London, Aug 03: It's a world of opportunity out their. Figures from around the planet indicate that the global economy’s finally getting back on track. A Euro zone survey of 3,000 manufacturers showed that better demand in Germany helped to boost the overall index to 48 in July from 46.6 in June — still below the 50 line where growth begins, but above market expectations of 47. “When the German machine goes up a gear the others will follow,” said NTC’s Williamson. Promised tax cuts and extended shop opening hours seemed to be making German consumers more interested in spending, he added. “At the euro zone level, I am hoping the PMI will be above 50 in September... there’s a good chance of seeing a prolonged upturn now.”
Financial market economists remain cautious. “There is a question mark about sustainability,” said Ken Wattret at BNP Paribas in London.

“For the moment it looks as if the leading indicators are turning around, but it’s a long way before we see the economy out of the woods.” Bureau Report