Economic Indicators
Business activity in Europe reaches bottom
2022.12.16 04:19
Business activity in Europe reaches bottom
Budrigannews.com – A lull in Eurozone business movement directed for a second consecutive month in December as supply conditions improved and cost pressures gave indications of facilitating, as per a critical check of conditions for the cash coalition’s assembling and administrations areas on Friday.
increased slightly from 47.8 in November to 48.8 in December. The reading was expected to rise to 48.0, according to economists.
It is the highest level since August, but it is the sixth month in a row that the number has fallen below the 50 threshold, which tells the difference between growth and contraction.
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