Eurozone rate of output contraction eases marginally from December record but job losses hit new high and prices show steepest ever declines
Jan 23rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Markit Flash Eurozone Composite Output Index, based on around 85% of normal monthly survey replies, rose for the first time in five months in January. However, the rise in the index merely signalled a modest easing in the rate of contraction from the record pace seen in December, suggesting a continued steep rate of decline.