Euro-Region Output Growth Slows as Economy Awaits QE Effect

April 23, 2015 10:00 AM

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Growth in euro-area manufacturing and services slowed in April in a sign that bond purchases by the European Central Bank will take time to revive a fragile recovery.

A Purchasing Managers Index for both industries fell to 53.5 from 54 in March, London-based Markit Economics said on Thursday. While the reading remains well above the 50-point mark that divides expansion from contraction, it is below the 54.4 forecast by economists in a Bloomberg survey.

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