Euro zone economy limped into the second quarter: PMI

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Euro zone economy limped into the second quarter: PMI
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The euro zone economy limped into the second quarter with lackluster growth as w...

FILE PHOTO: A man reads a newspaper in downtown Lisbon January 23, 2013. REUTERS/Rafael Marchante

That was higher than an earlier flash reading of 51.3 but close to the 50 mark separating growth from contraction. Once again some of that activity was generated by firms filling in past orders. The backlogs of work index was well below the breakeven mark at 48.6, not much higher than March’s more than four-year low of 48.2.

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