Eurozone business activity contracted unexpectedly in September, driven by services and manufacturing decline.
In September, Eurozone business activity unexpectedly contracted, driven by stagnation in the services sector and a faster decline in manufacturing, as reported by the Purchasing Managers' Index (PMI). This downturn follows a temporary boost from the August Olympics. The contraction in these key industries signals a negative trend in the region's economic health.
September 23, 2024
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