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Eurozone December final services PMI 49.8 vs 49.1 prelim
- Composite PMI 49.3 vs 48.8 prelim
A slight revision higher sees the downturn in the euro area economy ease as price pressures cool off towards the end of last year. That said, overall business conditions and sentiment remain subdued amid rising risk of a recession as inflation pressures continue to be rather persistent, even if energy prices have come off considerably in the past few months. S&P Global notes that:
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Posted: Jan 4 2023, 09:00
Author Name: forexlive
Views: 110880