European Debt Crisis

Eurozone economy starts 2017 solidly, especially on jobs

The economy of the 19 countries that use the euro got off to a strong start in 2017 even as inflation pressures continue to mount in the wake of the recent rise in oil prices, a closely watched survey showed Friday.

Financial information company IHS Markit said its gauge of business activity across the manufacturing and services sectors held steady at a five-and-a-half-year high of 54.4 points in January, still way above the 50 threshold between expansion and contraction. Encouragingly, the index's gauge of job creation spiked to a near nine-year high.

The firm said the recovery remains broad-based across the eurozone, but that it was particularly strong in Ireland, Spain...