Eurozone GDP could grow 0.3% this quarter

The eurozone private sector has expanded at the fastest pace in seven months this month led by rising new orders, surveys showed yesterday.

However, firms are still cutting prices, suggesting the ECB will have a tough time spurring inflation.

The jump in activity will provide a glimmer of hope for policymakers who have struggled to steer the monetary union towards growth with modest inflation, but may also support the ECB’s decision to buy sovereign bonds.