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Economy And The Numbers

Eurozone Private Sector Downturn Slows

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Eurozone private sector contracted for a sixth month in a row in December, while the pace of decline slowed for a second time, suggesting that the economic downturn will be less severe than expected previously.

The flash composite output index rose to a four-month high of 48.8 in December from 47.8 in the previous month, survey results from S&P Global showed Friday. The reading was also above economists' forecast of 48.0.

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