Euro zone business growth has slowed more than expected this month as renewed restrictions imposed to curb the Omicron coronavirus variant curtail the recovery in the bloc’s dominant services industry, a survey showed. Europe is facing a fourth wave of infections and many governments have been encouraging citizens to stay home and avoid unnecessary social contact. IHS Markit’s Flash Composite Purchasing Managers’ Index, a good indicator of overall economic health, dropped to 53.4 in December from 55.4 in November, its lowest since March and below the 54.0 predicted in a Reuters poll.
Read more on CDE News
