Business activity in the eurozone grew in December at the lowest rate in more than 4 years


IHS Markit showed preliminary data on the composite business activity index in the eurozone in December. The corresponding index was 51.3 points against 52.7 points in November, noting the minimum value since November 2014. In the service sector, the indicator fell to a minimum of more than 4 years level of 51.4 points. In November, it was at the level of 53.4 points. The manufacturing PMI of 51.4 points was the lowest in 34 months, down from the November value of 51.8 points. Chris Williamson, chief economist at IHS Markit, noted the negative impact of the protests of the “yellow vests” in France and the slowdown in economic growth in the region. The growth of new orders showed minimal rates since December 2014, a decrease in export orders was observed for the third month in a row. As a result, job growth has slowed to a minimum of 2 years.

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