By Mark DeveauPublished Aug 07, 2018 08:20:10It is the largest ban in Europe since the 1930s, but it has had little impact on business in the continent.
That is according to data compiled by Bloomberg, which analyzed data from 15 countries, including the EU member states.
The data showed the ban was effective in keeping more tourists from coming to Europe and reducing travel spending.
But the ban also had a limited impact on spending by European businesses, who saw the impact shrink slightly in the first quarter.
Businesses also reported a slight increase in spending.
The average annual return on assets for European companies was 2.4 percent in the second quarter, down from 2.5 percent in March.
While some European companies did see a drop in spending, they were also able to offset that with higher spending on services and equipment.
The biggest drop in business activity was in Greece, which reported an 8 percent drop in exports to the United States.
The travel ban has also hit smaller European countries.
The EU imposed a travel ban on the United Kingdom in March after the government there said it had seen a rise in terror attacks.