Eurozone business activity falls in June

By Dow Jones newswires

However, the surveys revealed that businesses once again cuts their prices, albeit at a slower pace than previously, an indication that the annual rate of inflation is unlikely to pick up significantly in coming months. "While pessimists will see the continuing fall in prices charged for goods and services as a further sign that the region is plagued by deflationary forces, optimists will note that fall in prices was only marginal and the smallest seen for over two years," said Chris Willaimson, Markit's chief economist.

Italian business activity increased at the fastest pace in over three years in June, but that was offset by slowdowns in Germany and Spain, and a contraction in France that left the eurozone economy growing modestly as the second quarter drew to a close.

Read more here: Business Spectator

    

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