The flash eurozone purchasing managers index fell in January to a two-month low of 47.5 -- nearly in line with the 47.6 expected -- from 49.1 in December. The services index fell to 45 from 46.4, while the manufacturing index dropped to a 7-month low of 54.5 from 56.3. Any reading below 50 indicates deteriorating conditions. "A double-dip recession for the eurozone economy is looking increasingly inevitable as tighter COVID-19 restrictions took a further toll on businesses in January," said Chris Williamson, chief business economist at IHS Markit.
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January 22, 2021 at 04:05PM
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Flash eurozone PMI weakens to two-month low in January - MarketWatch
"low" - Google News
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