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Fragile figures may spur ECB to act on Euro economy

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Fragile figures may spur ECB to act on Euro economy

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Growth in the eurozone’s key manufacturing area fell last month by more than expected, to a six-month low.

Strong figures from Germany were offset by contraction in France. A measure of output showed growth slackening at twice the rate.

While companies were able to marginally increase prices inflation remains steady at around 0.7 percent throughout the eurozone’s 18 countries, so hopes are rising the ECB will further ease policy this week to boost growth.

Among possible policies to be resolved on Thursday are a negative deposit rate, a cut in the main borrowing rate, and a business refinancing operation.