LONDON - Euro zone business growth stalled in September as an ongoing contraction in manufacturing activity is increasingly affecting the services industry, according to a survey which showed little chance of an improvement this month.
The results will make disappointing reading for policymakers at the European Central Bank who pledged last month to provide indefinite stimulus to revive the 19-country currency bloc’s ailing economy. That was below a preliminary reading of 50.4 and barely above the 50 mark separating growth from contraction.
Williamson said the PMI indicated the bloc’s economy would expand 0.1% this quarter at best, weaker than the 0.2% predicted in a Reuters poll last month.
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