The ongoing downturn in the euro area private sector suggested that the region might have entered a shallow recession in the final quarter of 2023, according to the latest purchasing managers' survey results released by S&P Global on Thursday.
The HCOB flash composite output index rose to 47.1 in November from 46.5 in October. The reading was also above economists' forecast of 46.9.
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by Renju Jaya
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