Euro Area Economy Grows at Slowest Pace in Six Months
Employees work on a Volkswagen e-Golf electric automobile on the assembly line inside the Volkswagen AG (VW) factory in Dresden, Germany, on Monday, April 3, 2017. Diesel cars' popularity in Europe has been waning as Volkswagen's emissions-test manipulation scandal, which emerged in late 2015, compounded concerns that pollutants from the fuel are outweighing the benefits of its lower CO2 emissions.
Photographer: Jasper Juinen/BloombergGrowth in the euro-region economy started the third quarter at the weakest pace in six months as manufacturing cooled.
A composite Purchasing Managers’ Index fell to 55.8 in July from 56.3 in June, IHS Markit said on Monday. The figures indicate that gross domestic product is expanding at a 0.6 percent quarterly pace, compared with 0.7 percent in the second three months of the year.