Tuesday 19 June 2018

Slow growth

, February 21, 2013

Volkswagen cars are pictured in a delivery tower at the company's headquarters in Wolfsburg. Hopes the euro zone might emerge from recession soon were dealt a blow on February 21 as surveys showed the downturn in the region's businesses worsened unexpectedly this month - especially in France. Economists had expected that Thursday's Flash Eurozone Services PMI would add to tentative signs that a recovery is in the offing. But the indicator fell in February to 47.3 from 48.6. PMI compiler Markit said the schism between Germany and France - the two biggest economies in the euro zone - is now at its widest since the survey started in 1998. Reuters/Fabian Bimmer/files

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