Euro zone: Growth slows, but orders rise

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Euro zone business expanded at the slowest rate in six months last month, a survey released yesterday showed, but new orders poured in at the fastest pace in over three years, suggesting growth will accelerate in the second half of the year. Activity in France, the bloc’s second-biggest economy, shrank at the fastest rate in four months and even in Germany, the backbone of the common currency area, the pace of growth slowed down. The final reading on Markit’s composite purchasing managers’ index, based on surveys of thousands of companies and seen as a good indicator of growth, was in line with a preliminary reading of 52.8, a decrease from May’s 53.5. – Reuters


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