Economics
Euro Area Menaced by Relapse Risk as ECB Weighs Action: Economy
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A gauge of euro-area services and manufacturing signaled economic growth slowed in the final quarter of 2014, supporting calls for more stimulus by the European Central Bank.
A Purchasing Managers’ Index for both industries rose to 51.4 from 51.1 in November, London-based Markit Economics said today. While that’s above the 50 mark that divides expansion from contraction, the reading falls short of a preliminary reading of 51.7 published on Dec. 16. The data suggest the euro-area economy expanded 0.1 percent in the fourth quarter, Markit said.