Rising services activity points to pick-up in Europe’s economy

Capital Economics economist Franziska Palmas said the findings “suggest that the eurozone economy is still flatlining” and that “underlying price pressures are easing again but remain high”.

“Though the backlog of unfilled orders is still high, it has been declining steadily so is unlikely to support production much longer,” said Franziska Palmas, an economist at consultants Capital...

“The fear is that it’s always hard to know how many rate hikes will just slow the economy or whether it may go a bit too far and tip the economy into a recession,” said Franziska Palmas, a markets...