Euro Zone May Be in Recession as Economy Goes From Bad to Worse
2 min read
Private-sector activity in the euro area kicked off the final quarter of 2023 with another dismal showing, suggesting the region’s economy may be in recession.
Author of the article:
Published Oct 24, 2023 • 3 minute read
![1yp5wogx[7tmtv(g(xlj]2[w_media_dl_1.png](https://smartcdn.gprod.postmedia.digital/financialpost/wp-content/uploads/2023/10/german-and-french-economies-are-slumping.jpg?quality=90&strip=all&w=288&h=216&sig=SfDojrbAiAp39KKsBr77mw)
Article content
(Bloomberg) — Private-sector activity in the euro area kicked off the final quarter of 2023 with another dismal showing, suggesting the region’s economy may be in recession.
S&P Global’s purchasing managers’ index slowed to a three-year low in October, dropping to 46.5 — clearly below the 50 mark that separates expansion and contraction. Economists expected a slight improvement to 47.4.
Advertisement 2
Bloomberg News
2023-10-24 04:18:22
All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator
Read more from original source here…
