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Euro-region output growth slows awaiting QE effect

Euro-area services activity dropped to 53.7 from 54.2 in March, while a similar index for the manufacturing industry fell to 51.9 from 52.2, London-based Markit Economics said on Thursday.


GROWTH in euro-area manufacturing and services slowed in April in a sign that bond purchases by the European Central Bank (ECB) will take time to revive a fragile recovery.

A Purchasing Managers Index (PMI) for both industries fell to 53.5 from 54 in March, London-based...

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