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Euro zone business growth slows at start of second half of 2017

Germany and France missed expectations, suggesting an even more robust pace of business activity

Reuters  |  London 

A slowdown in euro zone business growth at the start of the second half of 2017, alongside declining inflation pressures in a key business survey, could put paid to expectations of a stimulus clawback by the European Central Bank later this year. Years of ultra-easy policy have bolstered still-solid growth, but inflation is nowhere near the European Central Bank's 2 percent target ceiling and even shallower price rises this month will provide a disappointing reading for policymakers. Germany and France, the two largest economies in the club, missed expectations, suggesting an ...

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First Published: Mon, July 24 2017. 22:56 IST