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Tags: APFN | EU | Europe | Economy

Eurozone Growth Falters Further at the Start of 2019: Survey

Eurozone Growth Falters Further at the Start of 2019: Survey

Tuesday, 05 February 2019 04:38 AM

LONDON (AP) — A closely watched survey shows that economic growth across the 19-country eurozone dipped further at the start of 2019 to its lowest level in five-and-a-half years.

Financial information company IHS Markit said Tuesday that its composite purchasing managers index — a gauge of business activity across the manufacturing and services sector — fell to 51.0 points in January from 51.1 the previous month. Anything below 50 indicates a contraction in activity.

As a result, the firm said its survey suggests that the eurozone is growing at a tepid 0.1 percent quarterly tick at the start of the year.

Chris Williamson, chief business economist at the firm, said a manufacturing and export-led slowdown has "shown increasing signs of infecting the service sector."

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
A closely watched survey shows that economic growth across the 19-country eurozone dipped further at the start of 2019 to its lowest level in five-and-a-half years.Financial information company IHS Markit said Tuesday that its composite purchasing managers index - a gauge...
APFN,EU,Europe,Economy
121
2019-38-05
Tuesday, 05 February 2019 04:38 AM
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