Eurozone economy starts quarter in ‘low gear’

LONDON: European Central Bank (ECB) policy is helping to sustain growth in the eurozone economy, though the pace is “tepid” and inflation remains too low, according to Markit Economics.

Markit said its composite Purchasing Managers Index was at 53 in April – above the 50 level that divides expansion from contraction. A services gauge was at 53.1, with business confidence rising to a three-month high and growth in new orders accelerating.