Eurozone EC survey points to continued slow growth: Capital Economics

Quotes from Capital Economics:

-February's euro-zone EC surveys point to slow and steady growth, which will do little to reduce the threat of deflation even if it is sustained as the Greek crisis continues.

-The modest rise in the headline Economic Sentiment Indicator (ESI), from 101.2 to 102.1, was broadly in line with expectations and left the index consistent with annual GDP growth of around 1%.

-In all, the survey suggests that euro-zone economic activity has not yet been hit too hard by the Greek crisis. But there are few signs that the recovery is accelerating and we still expect slow growth of around 1% this year and next.