Bloomberg Euro-area factories expanded output at the fastest pace since 2011 as the currency bloc’s economy continued to gather momentum. A gauge of manufacturing activity rose to 56.7 in April from 56.2 the previous month, IHS Markit reported. An April 21 preliminary estimate was for an increase to 56.8. With the European Central Bank showing little hurry to end ...

  Bloomberg Italy’s unemployment rate unexpectedly increased in March as the number of people looking for a job rose and the pace of economic growth could not satisfy their demand. Joblessness climbed to 11.7 percent from 11.5 percent in February, statistics agency Istat said in Rome. The median estimate in a Bloomberg survey of 12 analysts called for a reading ...

  Bloomberg Boeing Co. is making ‘steady progress’ to complete the terms of an 80-jetliner sale to Iran Air and expects to deliver the initial planes next year, the first US aircraft exports to Iran since the country’s revolution in 1979. “That remains on track,” Chief Executive Officer Dennis Muilenburg told reporters Monday following the planemaker’s annual general meeting in ...