Thursday February 20, 2020

Euro zone business growth slows in September

Business activity in the euro zone expanded at a slower pace than expected in September as firms continued to cut prices, a Markit Economics survey showed today.

23rd September, 2014
Growth in Germany was offset by the ongoing downturn in France

Business activity in the euro zone expanded at a slower pace than expected in September as firms continued to cut prices, a Markit Economics survey showed today.

Markit’s Composite Flash Purchasing Managers’ Index dipped to a nine-month low of 52.3 — down from 52.5 in August.

Employment was largely unchanged as companies held back from hiring extra staff due to the weak sales growth and falling prices, Markit said.

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