Euro zone business activity falls at slower rate - PMI

S&P Global's flash Composite Purchasing Managers' Index , seen as a good gauge of overall economic health, rose to a four-month high of 48.8 this month from 47.8 in November.But December was the sixth month below the 50 mark separating growth from contraction, the longest streak of a downturn since June 2013.

Higher interest rates coupled with cost-of-living concerns mean demand is likely to weaken further, a view shared by a Reuters poll that showed the economy would contract this quarter and next, meeting the technical definition of recession. Indeed, optimism about future output increased to a four-month high. But declining demand forced firms to reduce headcount at the second-weakest rate since February 2021.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

ECB retreat to put €300bn burden on euro-zone debt marketAnalysts caution investors against complacency, with withdrawal of central bank purchases set to push up governments’ borrowing costs
La source: IrishTimesBiz - 🏆 6. / 77 Lire la suite »