The Purchasing Managers’ Index has been in decline for seven months in row Business activity in Europe’s 20-nation single currency bloc continued to contract at the end of 2023, as a downturn in the dominant services industry stretched into the final month of the year, data compiled by S&P Global has revealed. Flash Composite Purchasing Managers’ Index (PMI) for the bloc, a measure of manufacturing and services activity, was revised up for December to match November's 47.6 after a preliminary estimate of 47.0. However, the gauge remained below the 50 mark, which separates growth from contraction, for a seventh con
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