EZ economic growth eases to nine-month low as pandemic flares up

EZ economic growth eases to nine-month low as pandemic flares up

From markiteconomics.com

Following a brief acceleration in November, economic growth in the euro area eased to a ninemonth low during December, resuming a slowdown trend amid a resurgence of COVID-19 infections. This had a notable effect on the service sector, restricting increases in both activity and new business. Meanwhile, manufacturing output growth remained subdued as supply-related disruptions continued to impede production schedules. After accounting for seasonal factors, the IHS Markit Eurozone PMI® Composite Output Index fell to 53.3 in December, down from 55.4 in November, to signal the softest expansion in combined manufacturing ... (full story)

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