Euro zone business growth slipped in Dec as Omicron rose
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.
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