Chris Williamson

Economic growth in the eurozone slowed sharply in January, a key survey has showed, as new coronavirus restrictions hit consumer spending, raising a new obstacle for the region's recovery.

The business growth in the Eurozone stayed on the positive side but has slowed in September as rising prices of raw materials were coupled by disturbances in supply to manufacturers. The pressure from inflation prompted demand, issues which are likely to continue, Reuters reported.

Eurozone business growth is at its lowest level since 2014, driven by stagnation in France and a slowdown in Germany, according to recent reports, quoted by Econ.bg

In the shadow of political risks such as Brexit and weaker global growth, the eurozone is struggling to keep its economy healthy, according to a study by IHS Markit.

The eurozone economy grew at its fastest pace in six years in April on the back of strong demand and "widespread optimism" about the outlook, a closely watched survey showed April 21.

Data monitoring company IHS Markit said its April Composite Purchasing Managers Index came in at 56.7 points, the highest reading since April 2011 and up from 56.4 points in March.

Eurozone private businesses expanded at their fastest pace in four years this month, a survey showed on June 23, providing the clearest signs yet of a solid recovery in the region.

A closely watched survey shows uncertainty over the financial future of Greece is weighing on the eurozone economy.

Financial information company Markit said on Wednesday that concerns over Greece are acting as ?a brake on growth.?

Eurozone manufacturing growth eased slightly more than previously thought last month and factories fulfilled existing orders to keep busy, a business survey showed on Tuesday.

Further evidence emerged on Monday that the economic recovery across the 18-country eurozone is accelerating and, perhaps more importantly, spreading to the bloc’s debt-laden laggards.

John Fraher & Catherine Bosley

Growth in euro-area manufacturing and services stayed close to the fastest since 2011 in March as France improved, providing further evidence that the region’s recovery is on track.