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Eurozone private sector growth takes French leave

Eurozone private sector growth takes French leave
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Fading French figures have dragged down Eurozone private sector business growth according to a Markit survey.

April has seen new orders in the region slow despite a big fall in the euro that could help exports.

The survey compiler says better results could have been expected, especially as the European Central Bank started buying sovereign bonds in March to boost liquidity and stimulate markets.

The Composite Flash Purchasing Managers’ Index fell and beat all forecasts to hit 53.5. It compiles data from thousands of companies and is seen as a good growth indicator. The Service and Industry indices also missed their marks by more than forecast.

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