Financial Times FT.com

Eurozone recovery loses momentum

By Ralph Atkins in Frankfurt and Scheherazade Daneshkhu in Paris

Published: June 23 2009 10:36 | Last updated: June 23 2009 20:11

An economic recovery in the eurozone is only inching forward, according to a closely watched survey that has highlighted the fragility of recent turnaround in growth prospects.

June’s purchasing managers’ indices for the 16-country region rose to a nine-month high, indicating that the worst recession to hit continental Europe since the second world war was continuing to lose its ferocity.

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