Eurozone Economy Shows Hints of Improvement, Survey Indicates

FRANKFURT — The eurozone economy appears to have perked up a bit at the start of 2015, an industry survey showed on Friday, just a day after the European Central Bank unveiled a major monetary stimulus program to restore growth and keep deflation at bay.

Purchasing managers across the 19-nation currency area reported modest improvements in a broad range of indicators, including output, new orders, backlogs and employment, according to a survey this month by Markit Economics, a data analysis firm.

Chris Williamson, Markit’s chief economist, said in a statement that while the slight improvement from late 2014 was welcome, “the rate of expansion remains worryingly weak,” indicating growth in gross domestic product of 0.2 percent at a quarterly pace.

The eurozone economy remains “both fragile and susceptible to shocks and further setbacks,” Mr. Williamson said.

The New York Times