Euro-Area Economy Stagnates on Slump in Investment

Euro-area investment fell in the second quarter for the first time in more than a year, reflecting the gloomy outlook presented by Mario Draghi yesterday as he unveiled new European Central Bank stimulus.

The economy stagnated in the three months through June as investment fell 0.3 percent, data today showed. Consumer spending and exports rose, while change in inventories subtracted from gross domestic product.