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Eurozone business activity slows in February: survey

Frankfurt's Bankenviertel is the biggest financial centre in the EurozoneEurozone private sector business activity slowed sharply in February, a closely watched survey said on Monday, with a warning that the economic outlook could weaken even further. Data monitoring company Markit said the downbeat data showed stagnation in France and slumping demand in powerhouse Germany were adding to already significant deflationary pressures, which can be very damaging to the economy. “France is flat-lining and German growth is being held back by weak global demand hitting its manufacturers,” Chris Williamson, Chief Economist at Markit, said.

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