The euro zone data followed sister surveys showing slower

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Hermes Replica Bags Weakening demand from overseas for the goods produced by Europe’s factories suggested the economic tremors from China and elsewhere were spreading, concerns which prompted the European Central Bank only a day ago to line up another round of stimulus. »The survey suggests that the euro zone economy is still recovering fairly slowly, » said Jack Allen at Capital Economics. »With growth likely to slow as the twin boosts from previous sharp falls in Replica Hermes Handbags www.replicahermes.net oil prices and depreciation of the euro Replica Hermes Handbags fade, the economy remains too weak to generate much inflationary pressure. This adds more pressure to the ECB to follow up on its latest hints with action in March. »ECB President Mario Draghi held out the prospect of further loosening despite the central bank having cut its deposit rate and extended an asset buying programme only last month citing heightened uncertainty about emerging economies, financial market volatility and geopolitical risks. »We are not surrendering in front of these global factors, » Draghi told reporters after Thursday’s policy decision.Traders replicahermes net pointed to the hints of more monetary policy support by the ECB as well as bargain hunting from bruised investors as fuel for the rally.Markit’s Composite Flash Purchasing Managers’ Index (PMI) EUPMCF=ECI for the euro zone, based on surveys of thousands of companies and seen as a good guide to growth, slumped to an 11 month low of 53.5 from December’s 54.3.That was below all forecasts in Replica Hermes a Reuters poll which had suggested a modest dip to 54.2. The index has been above the 50 mark that separates growth from contraction since July 2013.The euro zone data followed sister surveys showing slower growth in Germany, Europe’s largest economy, but highlighting a small pick up in French activity, with the services industry returning to growth following the Nov. Hermes Replica Bags

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