UPDATE 1-Euro zone business activity barely grew in April, PMI shows [Reuters]
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Source: Reuters
UPDATE 1-Euro zone business activity barely grew in April, PMI shows - Reuters 4 Min Read * PMI points to Q2 GDP growth of 0.2 pct, IHS Markit says * Composite PMI unexpectedly fell in April * All three headline PMIs weaker than forecast (Adds comment, details) By Jonathan Cable LONDON, April 18 (Reuters) - Businesses across the euro zone stumbled into the second quarter as demand remained weak despite more modest price rises, surveys showed on Thursday. Growth stuttered in Germany and forward-looking indicators in its Purchasing Managers’ Index suggest a contraction among manufacturers in Europe’s largest economy will continue for a few more months at least. “The big disappointment is that the German Manufacturing PMI was barely any higher than it was last month and, at 44.5, it points to a continuing industrial recession,” said Andrew Kenningham at Capital Economics. The euro fell against the dollar after the worse-than-expected German data. Activity in France, the bloc’s second-big
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