Business activity across the 20 countries that use the euro expanded in January for the first time in six months, according to data published Tuesday, providing fresh evidence that Europe’s economy could confound expectations and dodge a recession this year. An initial reading of the eurozone’s Purchasing Managers’ Index, which tracks activity in the manufacturing and service sectors, rose to 50.2 in January from 49.3 in December, indicating the first expansion since June.
” Consumer sentiment in Germany, the region’s biggest economy, looks set to improve for a fourth consecutive month in February from a very low base, according to a separate survey published by GfK Tuesday.
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