Euro zone avoided recession by 'narrowest margins' in 2014

6th January, 2015

Euro zone economic activity increased for the eighteenth successive month in December, but the rate of expansion was among the weakest seen over the past year and a half, Markit Economics said today.

A final reading of Markit’s PMI composite output index for the year was 51.4, below an earlier flash estimate of 51.7.

The average reading across the final quarter of the year was 51.5, the worst performance since the third quarter of 2013.

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