Europe Manufacturing Grows at Weakest Pace in Two Years

European manufacturing expanded at the weakest pace in almost two years in June, adding to signs that the region’s economy is losing some momentum.

A manufacturing gauge based on a survey of purchasing managers in the 17-nation euro region fell to 52 from 54.6 in May, London-based Markit Economics said today. That’s the lowest in 18 months. A reading above 50 indicates growth.