Eurozone economy picks up in January but growth still weak

Brussels

EUROZONE business activity picked up to a five-month high in January, a key survey showed on Friday, just the day after the European Central Bank announced a 1 trillion euro (S$1.5 trillion) economic stimulus package.

Analysts said the report was encouraging as it confirmed a recent modest pick-up but they cautioned that growth remains weak after the economy faltered badly in 2014.