Euro zone business ends 2018 with growth at four-year low: PMIs [Reuters]
IHS Markit Ltd. Common Shares (INFO)
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Source: Reuters
Euro zone business ends 2018 with growth at four-year low: PMIs | Reuters 3 Min Read LONDON (Reuters) - Euro zone business ended the year on a weak note, expanding at the slowest pace in over four years as new order growth all but dried up, hurt by trade tensions and violent protests in France, a survey showed on Friday. The downbeat figures come a day after the European Central Bank decided to end its lavish asset-buying scheme but otherwise kept policy broadly unchanged, promising protracted stimulus for an economy struggling with an unexpected slowdown and political turmoil. IHS Markit’s Flash Composite Purchasing Managers’ Index slumped to 51.3, its weakest since November 2014, from a final November reading of 52.7, well below even the most pessimistic forecast in a Reuters poll where the median expectation was for a modest rise to 52.8. “It’s a relatively gloomy picture to end the year on. It’s clear the underlying rate of growth has slowed further, and it is broad-based across m
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