Eurozone business activity slows as stricter lockdowns take heavy toll on service sector ...News

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Eurozone business activity slows as stricter lockdowns take heavy toll on service sector
source : Russia Today ( News ) () 21
Business activity in the eurozone fell to a two-month low in January, preliminary data revealed on Friday shows, as tougher coronavirus-related lockdowns come into effect to stop the spread of new Covid-19 strains. HS Markit’s final Composite Purchasing Managers’ Index (PMI), which is considered a good gauge of economic health and combines both manufacturing and services, declined to 47.5 in January, versus 49.1 in December. PMI above the 50 level separates growth from contraction. “Tighter COVID19 restrictions took a further toll on businesses in January,” Chris Williamson, the chief business economist at IHS Markit, said in a stateme

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