Eurozone services activity fell at record rate in December while job cutting accelerated
Jan 6th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Eurozone services activity fell at a record rate in December and the PMI (Purchasing Managers' Index) at 42.1 was down from 42.5 in November to therefore hit a new low. Service sector business activity (output) levels have now fallen for seven successive months, with new record rates of contraction seen in each of the past three months.