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The survey results sent the value of the pound up sharply on the currency markets as investors speculated that further stimulus action was less likely from the Bank of England.
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The Federal Reserve, which has lowered its forecasts in recent weeks, is watching the slowdown carefully as it considers further stimulus, though several analysts said Friday that they doubted that new action from the Fed could have much effect.
"It seems that the bar to further stimulus remains high.
This short video will provide further stimulus for debate.
Financial markets had not expected any action from the ECB but saw Draghi's comment that the bank had a "readiness, willingness and ability" to act as a clear sign that further stimulus was on the way.
Even though the financial markets have been counting on the Federal Reserve to take action, Republican Congressional leadership sent a letter to the Federal Reserve chairman on Tuesday evening urging it not to engage in further stimulus.
"The housing market really does not need anything to act as a further stimulus," he said.
But no member judged that further stimulus was appropriate at present.
He added that it, "probably cements the case for further stimulus from the Bank of England".
With the prospect of further stimulus measures in China, mining shares provided support for the market.
As well as a rate cut, he has argued for further stimulus from the Bank.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com