Economics
France Exacerbates Euro-Area Slowdown as China Weakness Mounts
- Euro-region PMI drops to lowest in more than four years
- Central bankers are warning of increased global risks
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The euro-area economy is closing out 2018 on a gloomy note, echoing a trend of weaker global growth from China to the U.S.
A gauge of manufacturing and services in the euro region unexpectedly dropped to its lowest in just over four years in December. While the drop was driven mainly by France where the “Yellow Vests” movement led to a contraction, there’s also signs that underlying momentum is dropping off.