Economics
Euro Area Hits Speed Bump on Road to Faster Economic Growth
- IHS Markit says PMIs signal quarterly growth of 0.9 percent
- Stocks fall, however, as readings weaker than anticipated
Strong Euro Starting to Bite Exports, Mentel Says
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A speed bump in economic momentum in February won’t interrupt the euro area’s upswing.
A composite Purchasing Managers’ Index indicates that the 19-nation economy is expanding at a quarterly pace of 0.9 percent, the fastest in eight years, IHS Markit said on Wednesday. That’s even though the gauge fell to 57.5 from 58.8 in January, according to the London-based company.