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Euro zone business growth recovers but manufacturing slows, says PMI

Updated : June 22, 2018 01:50 PM IST

News of faster expansion alongside rising price pressures will be welcomed by policymakers at the European Central Bank after it signaled last week that its crisis-era bond buying programme will end this year and rates would rise in 2019.
The composite output price index climbed to a four-month high of 53.8 from 53.2. That followed news last week that official euro zone inflation rose to 1.9 percent in May, very close to the ECB's 2 percent target ceiling.
Euro zone business growth recovers but manufacturing slows, says PMI

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