The euro-zone economy started 2022 on a weak note but the improving health situation suggests that growth will pick up over the rest of the quarter. The PMI-HIS Markit Composite output index of the Eurozone in January reached 52,3. Pointing to the weakest increase in business activity since the headline index moved back into growth territory last March.
The euro-zone economy started 2022 on a weak note but the improving health situation suggests that growth will pick up over the rest of the quarter. The PMI-HIS Markit Composite output index of the Eurozone in January reached 52,3. Pointing to the weakest increase in business activity since the headline index moved back into growth territory last March.
The main short-term indicators suggest the euro-zone’s economic recovery might slow markedly in Q4, as supply shortages intensified, which caused a slowdown in manufacturing and service sectors.
The main short-term indicators, notably PMIs, suggest phase, though still strong is losing momentum as as supply shortages take their toll, especially in manufacturing