Euro zone manufacturing activity went into reverse for the first time in over fi...
LONDON, March 1 - Euro zone manufacturing activity went into reverse for the first time in over five years last month as trade war worries, slowing global growth and Britain’s imminent departure from the European Union hit demand, a survey found.
Faced with a further slowdown in euro zone growth, the ECB will re-launch cheap bank loans as early as June and delay rate hikes to 2020 in a bid to stave off a recession, a Reuters poll predicted on Friday. [ECILT/EU] Earlier figures from Germany, Europe’s largest economy, showed factory growth contracted for a second month. France’s manufacturing PMI showed growth slowed sharply while Spain’s went sub-50 for the first time in over five years.
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