Eurozone PMI: New record rate of output decline seen in December; Prices also fall at record rates
Dec 16th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone PMI (Purchasing Managers' Index): The Markit Flash Eurozone Composite Output Index, based on around 85% of normal monthly survey replies, edged down further below 50.0 in December to reach a new record low. Output has now fallen for seven consecutive months, with the rate of decline gathering pace over this period.