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Euro Area Private Sector Stuck In Recession

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

Eurozone private sector ended the third quarter with another contraction as weak demand weighed on output across the manufacturing and services sectors, final results of the purchasing managers' survey from S&P Global showed on Wednesday.

The HCOB final composite output index advanced to 47.2 in September from 46.7 in the previous month. Moreover, the score was slightly above the flash 47.1.

At 48.7, the services Purchasing Managers' Index, or PMI, improved from 47.9 in August. The initial estimate for September was 48.4.

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