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Eurozone Private Sector Growth Slows Further In September

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Eurozone private sector growth moderated for the second straight month as shortages of inputs impeded both manufacturing and service sector output, final data from IHS Markit showed on Tuesday.

The final composite output index fell to 56.2 in September from 59.0 in August. The flash reading was 56.1. Nonetheless, a reading above 50.0 indicates expansion.

"Although for now the overall rate of expansion remains relatively solid by historical standards, the economy enters the final quarter of the year on a slowing growth trajectory," Chris Williamson, chief business economist at IHS Markit said.

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