PMI report suggests eurozone slowdown

Latest figures suggest the pace of the eurozone’s recovery is slowing despite some positive news from the bloc’s peripheral economies.

A Purchasing Managers Index by Markit for both manufacturing and services showed activity slowed in June to its lowest level this year.

While output appeared to accelerate in the eurozone periphery the currency bloc’s second biggest economy France saw a sharp downturn.

The initial survey, which will be followed by a final report next month, showed activity in Germany remained robust.