The Eurozone’s Latest Growth Spurt May Already Be Over, as Germany Heads South

by Chris Papadopoullos

Economists are already betting that the eurozone economy’s strong start to the year will prove to be a blip after companies across the 19-country bloc indicated that they expanded at a less than impressive pace in April.

Markit’s survey of purchasing managers for the entire eurozone scored 53 in April, above the 50 point level that divides growth from contraction.

While the April reading was below March’s figure of 53.1, indicating slower growth, it is the first time in three months growth has been seen in each of Germany, France, Italy and Spain.

But Howard Archer, chief economist at research firm IHS, said the strong start to the year was unlikely to continue.

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