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flag Eurozone economy contracts for second straight month as ECB cuts interest rates again.

flag The Eurozone economy showed signs of weakness at the end of 2024, with activity contracting for the second month in a row in December. flag The final composite Purchasing Managers' Index (PMI) rose slightly to 49.6, indicating an ongoing contraction. flag While services PMI bounced back to 51.6, manufacturing declined further. flag The European Central Bank cut interest rates for the fourth time in December and may lower them by at least 100 basis points more this year. flag Despite the contraction, firms expressed increased optimism for the coming year.

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