Euro zone business growth eases in May despite firms cutting prices: PMI

London, (Reuters) - Euro zone business growth eased in May and firms cut prices for the 26th straight month, a survey showed on Wednesday, likely underpinning expectations for the European Central Bank to loosen policy on Thursday. While output across the region remained solid, supported once again by Germany and pointing to euro zone GDP growth of 0.4-0.5 percent this quarter, French business activity slipped back into contraction after just two months of growth. "Although the euro zone is enjoying its best performance for three years, this is an uneven, stuttering and lackluster recovery," said Chris Williamson, chief economist at survey compiler Markit.

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