NEW YORK (AP) — Economic and political turmoil in Europe is pushing the euro lower against the dollar.

The European Union said that even with spending cuts, debt in countries that use the euro rose to 87.2 percent of gross domestic product in 2011 from 85.3 percent in the previous year.

A separate survey found that the euro zone's manufacturing and services sectors unexpectedly fell in April.

In France, President Nicolas Sarkozy lost the first round of the country's presidential election to Francois Hollande, a harsh critic of the spending cuts that region has adopted. Traders are worried that a leadership change in France could derail or slow efforts to solve Europe's debt crisis.

The euro is trading at $1.3138 Monday afternoon. It was worth $1.3215 late Friday.