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Businesses hitting the brakes in Europe, show scant sign of accelerating

Reuters  |  LONDON 

By Jonathan CableLONDON (Reuters) - Businesses across Europe hit the brakes last month as a manufacturing slowdown in the euro zone spread to its dominant service industry, while Brexit uncertainty hammered British companies, surveys showed.The downbeat surveys will make disappointing reading for policymakers at the European Central Bank and Bank of England, as well as for the British government as it tries to get Prime Minister Theresa May's Brexit plan through parliament.Euro zone business growth was at its weakest pace in over two years last month, according to IHS Markit's Purchasing ...

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First Published: Wed, December 05 2018. 16:20 IST
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