UPDATE 1-Euro zone businesses end 2018 on a sour note -PMIs [Reuters]
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Source: Reuters
UPDATE 1-Euro zone businesses end 2018 on a sour note -PMIs | Reuters 4 Min Read * PMI points to Q4 GDP growth of 0.2-0.3 pct - IHS Markit * Composite, services PMIs below all f’casts in Reuters poll * New order growth slowed sharply in December By Jonathan Cable LONDON, Dec 14 (Reuters) - Euro zone businesses ended the year in a gloomy mood, expanding their operations 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. Worryingly for policymakers at the central bank, the downturn appears to becoming widespread, and forward-looking indicators gave scant reason for optimism as the new year approaches. IHS Markit’s Flash Com
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