Eurozone December final services PMI 48.8 vs 48.1 prelim ...Middle East

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Eurozone December final services PMI 48.8 vs 48.1 prelim
Prior 48.7Composite PMI 47.6 vs 47.0 prelimPrior 47.6Despite the positive revision, this still reaffirms a downturn in the euro area economy to wrap up the 2023 year. Both manufacturing and services output saw declines in December, with overall activity levels being held back by subdued demand conditions for the most part. HCOB notes that:“That is neither fish nor fowl. The service sector across the Eurozone is experiencing a slight contraction, much like it did in November, while job numbers are still ticking up, albeit marginally. It's not quite recession territory yet for services, but the vibe is far from growth-oriented. There are a lack of clear signals indicating an imminent return to

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