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Eurozone economic contraction eases in November, price pressures cool
November saw business activity fall across the eurozone for a fifth month running, according to flash PMI data. Although the rate of decline remained the secondstrongest since 2013, excluding COVID-19 lockdown months, the intensity of the downturn moderated in response to a reduced rate of loss of new business, fewer supply constraints and a pick-up in business confidence about the year ahead. Business sentiment nevertheless remained gloomy by historical standards, and demand continued to fall at a steep rate, leading to a pull-back in employment growth during the month. One upside of the weaker demand picture and ... (full story)
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From pmi.spglobal.com|Nov 23, 2022Germany’s private sector economy remained firmly in contraction territory in November, latest ‘flash’ PMI® data from S&P Global showed. However, the rate of decline in business ...
From pmi.spglobal.com|Nov 23, 2022|2 commentsFrance’s private sector economy contracted in November, according to the latest ‘flash’ PMI survey by S&P Global, marking the first month of decline since February 2021. ...
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- Posted: Nov 23, 2022 4:01am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 935
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