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Eurozone Economic Landscape Verges on Reduction

Stockhouse Editorial
0 Comments| February 5, 2019

Economic growth across the eurozone fell to its lowest point in five-and-a-half years to start 2019.

A survey released on Tuesday from financial information company IHS Markit reported that its composite purchasing managers index, which measures business across the manufacturing and services sectors, sunk to 51 points in January 2019 from 51.1 in December 2018. Like the out-of-control bus from the movie Speed, if the index falls below 50 points, it indicates that activity is contracting.

Chief business economist at IHS, Chris Williamson, told media that this slowdown is not only spreading across the 19 eurozone countries, but also across sectors.


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