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Eurozone economy contracts for second straight month as ECB cuts interest rates again.
The Eurozone economy showed signs of weakness at the end of 2024, with activity contracting for the second month in a row in December.
The final composite Purchasing Managers' Index (PMI) rose slightly to 49.6, indicating an ongoing contraction.
While services PMI bounced back to 51.6, manufacturing declined further.
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.
Despite the contraction, firms expressed increased optimism for the coming year.
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La economía de la zona del euro contrata por segundo mes consecutivo a medida que el BCE vuelve a reducir los tipos de interés.