Euro-Area Growth Slows to Weakest in 19 Months Ahead of ECB
- PMI survey shows weaker German expansion dragging on region
- ECB’s Governing Council meets on Sept. 7-8 in Frankfurt
European Central Bank headquarters in Frankfurt.
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
The euro-area economy lost momentum in August, with a gauge of private-sector growth falling to the lowest level since early 2015.
A Purchasing Managers Index for manufacturing and services slid to 52.9 from 53.2 in July, below an earlier estimate of 53.3, IHS Markit said on Monday. The drop was largely due to a weaker rate of expansion in Germany, the region’s largest economy, the London-based company said in a statement.