Business activity has cratered across Europe as attempts to contain the coronavirus pandemic push governments to shut down vast swathes of their economies, from shops to factories to restaurants, surveys showed on Friday. Governments in the euro zone have unveiled unprecedented stimulus measures and the European Central Bank has increased its asset purchase target for this year to around €1.1 trillion to try and mitigate the fallout. But with businesses shuttered across the region, Purchasing Managers’ Indexes compiled by IHS Markit slumped to record lows in March and suggested it could be months before things returned to any semblance of normalcy.