Eurozone growth remains muted at start of 2020

//Eurozone growth remains muted at start of 2020

Flash PMI data for January indicated that the eurozone economy failed to pick up growth momentum at the start of 2020. Business activity increased at the same slight pace as was seen in the final month of 2019 as the rate of expansion in new orders remained muted. Underlying data showed that growth of services activity eased slightly, while the manufacturing sector moved closer to stabilisation. Combined growth of the ‘big-2’ eurozone economies picked up, but this was offset by near-stagnation across the rest of the single-currency area. The ‘flash’ IHS Markit Eurozone Composite PMI® was unchanged at 50.9 in … (full story)