Economic activity in the eurozone slowed in June to its weakest rate in six months, a survey has suggested.
The Markit Purchasing Managers’ Index (PMI) for private sector activity, fell to 52.8 in June from 53.5 in May. A figure above 50 indicates growth.
Overall, the signs point to a recovery in the eurozone “losing momentum”, research firm Markit said.
It said growth was uneven, with “robust” activity in Germany but a worsening downturn in France.
“The big concern is once again the divergent trends within the eurozone,” said Markit chief economist Chris Williamson.
Germany’s economy is set to grow by 0.7% in the second quarter, in marked contrast to France, where an economic slowdown continues, Markit said.
“Although the survey suggests the eurozone as a whole should grow by at least 0.4% in the second quarter, France appears to be entering a renewed downturn after GDP stagnated in the first quarter,” said Mr Williamson
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