Eurozone January final services PMI 48.4 vs 48.4 prelim ...Middle East

Prior 48.8Composite PMI 47.9 vs 47.9 prelimPrior 47.6The readings match up with the initial estimates as the Eurozone economy continues to contract to start the new year. Overall, business activity and new orders softened but growth expectations strengthened in January. However, inflation remains stubborn and persistent and that is arguably the bigger takeaway at the moment. That considering it will hinder the ECB's process of dialing back on higher interest rates. HCOB notes that:“There is a north-south divide in the eurozone’s service sector, but perhaps not in the way you may expect. Contrary to the general view that southern European countries are the weak link of the currency union, the

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Eurozone January final services PMI 48.4 vs 48.4 prelim ...Middle East

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