Eurozone manufacturing/ services have worst quarter for 30 months despite rate of decline easing in December
Dec 15th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Eurozone manufacturing and services sectors have had the worst quarterly performance for 30 months despite rate of decline easing in December. The Markit Eurozone PMI Composite Output Index signalled contraction for the fourth successive month in December, according to the preliminary ‘flash’ reading which is based on around 85% of usual monthly replies. However, the index rose from 47.0 in November to 47.9, indicating an easing in the rate of decline for the second month in a row and the smallest fall in output for three months.