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Eurozone business growth slides to four-year low at end of 2018
The latest flash PMI survey data indicate that growth of business activity in the euro area slowed to the weakest for over four years in December. New business inflows almost stalled, job creation slipped to a two-year low and business optimism deteriorated. An undercurrent of slowing economic growth was exacerbated by protests in France and on-going weak demand for autos. Upward price pressures meanwhile eased. The IHS Markit Eurozone Composite PMI® fell from 52.7 in November to 51.3 in December, its lowest since November 2014, according to the preliminary ‘flash’ reading, which is based on approximately 85% of ... (full story)