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Eurozone economy remains fragile

eurozone2Growth in the eurozone has slowed yet again, leading to hopes for recovery losing momentum.

In the third quarter of the year, fragile growth was down to 0.1% as the eurozone average. November, however, brought a slowdown.

German employment rose as firms hired more workers to meet the demands of new orders.

In Spain, the service sector returned to growth and experienced its biggest increase of new business since 2007.

But business in France has dropped and the country is at risk of returning to recession.

Italy also experienced a reduction in demand during November.

Meanwhile, retail sales in the eurozone fell 0.2% in October, following a decline of 0.6% in September, said Eurostat, the European statistics agency.

In Portugal, the fall was 1.1%, having already had a drop of 3.2% in September.

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