Wednesday, February 3, 2016

A Weak Start of 2016 for Eurozone Businesses

 
A disappointing start to the year for eurozone businesses with the dominant service sector suffering just as much as manufacturing.

The results of the latest surveys of companies show tepid growth. And that was despite firms cutting prices for the fourth month running.

Growth in Germany, Europe’s largest economy, slowed but remained relatively solid.

France, the eurozone’s second biggest economy, which has been struggling to produce much growth of late, saw services businesses perk up a tiny amount, as hotels and restaurants reported continued weakness in the wake of the November terror attacks in Paris. 

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Source: Euronews

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