A closely watched survey is displaying that the 19-country eurozone economy lost further momentum in April.
 
Financial information firm IHS Markit said Monday that its composite purchasing managers index — an extensive gauge of economic activity — fell slightly to 51.5 in April from 51.6 in May. Although the index is still over the 50 no-change mark, it's linking to fairly lackluster quarterly growth of 0.2%.
 
A bit more detailed inspection of the monthly survey, which is overseen by rate-setters at the European Central Bank, showed the manufacturing sector in its steepest downturn since 2013 and all in all growth held up by the services sector.
 
The eurozone has been hobbled by escalating trade tensions between the United States and China, higher oil prices and uncertainty over Britain's upcoming departure from the European Union.
 
This article is originally posted on TRONSERVE.COM