The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global dropped to 48.1 compared with 50 in October, the most marked rate of contraction in 10 months. Any reading above 50 indicates growth, while a figure below 50 shows contraction.
"Things could hardly have turned out much worse," said chief economist Cyrus de la Rubia at Hamburg Commercial Bank.
"The euro zone's manufacturing sector is sinking deeper into recession, and now the services sector is starting to struggle after two months of marginal growth."
Bu hikaye The Straits Times dergisinin November 23, 2024 sayısından alınmıştır.
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Bu hikaye The Straits Times dergisinin November 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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