Easing eurozone growth during September: Survey



    Easing eurozone growth during September: Survey

    Sept.23, London: A recent survey suggested that the recovery in the 19-country eurozone economy has slowed and remains hugely dependent on its powerhouse economy, Germany.

    Financial information company Markit said on Wednesday that its monthly purchasing managers' index — a broad gauge of business activity — fell to 53.9 points in September from 54.3 the previous month. Anything above 50 indicates expansion.

    Markit survey points to third-quarter economic growth of 0.4 percent, unchanged from the rate in the previous three-month period.

    Markit's chief economist Chris Williamson said that there was  a worrying failure of growth to accelerate to a pace sufficient to generate either higher inflation or strong job creation.

    Some economists are also worrying about the impact on German growth from the current crisis gripping carmaker Volkswagen AG. Easing.

    The Oslo Times