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Eurozone September growth slows to 20-month low

IHS Markit sees the authorities needing to do more to bolster activity

Published Fri, Sep 23, 2016 · 09:50 PM
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Brussels

EUROZONE economic growth has slowed to its weakest pace since January 2015, a closely watched survey showed on Friday.

Data monitoring company IHS Markit said that its September report was "disappointing", with the underlying performance sluggish and the authorities needing to do more to bolster activity.

IHS Markit said that its preliminary September Composite Purchasing Managers Index (PMI) for the eurozone fell to 52.6 points from 52.9 points in August.

The PMI measures companies' readiness to spend on their business and so gives a good idea of how the…

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