“Most encouraging of all is the upturn in the rate of job creation to the highest since spring 2011, which will hopefully pave the way for unemployment to start falling in earnest as we move into 2016,” said Chris Williamson, chief economist at Markit. “The upturn in hiring also indicates that companies are optimistic about prospects for the year ahead and suggests that the pace of GDP growth could lift higher in coming months. ”
Euro-area companies are hiring at the fastest pace in more than 4 years.
The power station was built between 1976 and 1989. Between the German reunification and the mid-1990s, modern environmental technology was adopted, making higher efficiency possible. Despite this, the power station has the fifth-lowest ratio of energy efficiency to CO2 emission in Europe.
Jänschwalde power station predominantly fires raw brown coal from nearby open-pit mining in Jänschwalde and Cottbus to the north. At full load the power station burns approximately 80,000 tons of brown coal a day.
It’s a sign of confidence that the region’s economy will gather momentum in the coming months, according to Markit Economics.
This is one of the most striking photos we’ve taken this week in Europe – Krisztian Bocsi’s image shows chimneys emitting vapor at a power plant in Peitz, Germany. This is the Jänschwalde Power Station pictured above.
“The quarterly assessment for both sectors in the euro area and particularly in Germany is positive, which suggests that the economy gained some momentum in the fourth quarter,” said Stefan Kipar, an economist at Bayerische Landesbank in Munich. “On the price side, the outlook in the euro area has clouded further, also because of continuously high competitive pressures.
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