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Eurozone economy’s downturn continues in December
The downturn in the eurozone economy stretched into the final month of 2023, December HCOB PMI® survey data showed, extending the contraction seen since June. Demand for euro area goods and services continued to weaken while employment levels fell again, just the second time this has been the case in almost three years. That said, businesses’ growth expectations improved, recovering further from last September’s recent low to reach their strongest for seven months (albeit remaining subdued by historical standards). The seasonally adjusted HCOB Eurozone Composite PMI Output Index, a weighted average of the HCOB ... (full story)