The growth rate of Euro area’s economic performance in January was at the low point of last February

By: Trademagazin editor Date: 2022. 02. 07. 11:02

The growth rate of Euro area’s economic performance in January was at the low point of last February, according to a report by the IHS Markit Economic Research Institute in London on Thursday.

Euro area PMI became weaker than previously announced

The final value of the euro area composite purchasing managers’ index (PMI) in January was lower than the previous 52.4 points, after the 52.3 points in December.

One of the components of the composite index, the final value of the service sector PMI, was also lower than the previous 51.2 points, falling to 51.1 points from 53.1 points in December. (MTI)