Euro zone growth slows to weakest in 19 months before ECB meeting

New report shows the drop was largely due to a weaker rate of expansion in Germany

5th September, 2016

A purchasing managers' index for manufacturing and services slid to 52.9 from 53.2 in July, below an earlier estimate of 53.3, IHS Markit said. The drop was largely due to a weaker rate of expansion in Germany, the region’s largest economy, the London-based company said.

“The survey data will fuel expectations that the ECB would prefer not to wait before injecting more stimulus into the economy,” said Chris Williamson, chief business economist at IHS Markit. Policy...

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