Business sentiment in the eurozone surprisingly deteriorated
The mood among companies in the eurozone deteriorated surprisingly in December. The S&P Global Purchasing Managers' Index fell by 0.6 points on the previous month to 47.0 points, as S&P announced in London on Friday.
Analysts, however, had expected an increase to an average of 48.0 points. Sentiment in the service sector deteriorated, while in industry it stagnated at a low level. At less than 50 points, the key figures continue to indicate an economic contraction.
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The surprising decline in business sentiment was observed in the Company sector of the Eurozone in December. Despite this tuning, analysts had anticipated an improvement in the index.
Source: www.ntv.de
