Eurozone business grew at the slowest rate this year in August and retail sales declined in July, surveys showed on Wednesday.
In its monthly survey, the closely watched financial information company Markit highlighted escalating tension between Russia and Ukraine as the main factor in declining business activity across the 18-country Eurozone.
Its purchasing managers’ index, which gathers and assesses figures from the manufacturing and services sectors, fell to 52.5 points in August from July’s 3-month high of 53.8. Although it remains above the 50-point threshold that signals growth, the indicator is at its lowest level this year and below the preliminary estimate …read more
Source: Voice of America
