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German business contraction adds to eurozone worries

5 years ago18 views

Concerns continue over eurozone economic contraction with a sharp drop in German business activity in April; the first time that has happened in five months.

The initial reading of surveys of company purchasing managers (PMI) showed a slight improvement for the whole region, though still no expansion, which may influence the European Central Bank's interest rate decision this week..
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http://www.euronews.net/