Stagflation warning lights flash for the eurozone as private sector contracts in April
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Europe’s economy is being squeezed by a toxic mix of stagnant growth and surging prices.
That’s the stark signal from a closely watched survey Thursday that unexpectedly showed private-sector activity contracting after 15 straight months of growth.
S&P Global’s composite purchasing managers index (PMI) fell to 48.6 in April from 50.7 in March. Analysts had expected it to stay above the key 50-point mark, below which activity is considered to be contracting.
“The eurozone is facing d
That’s the stark signal from a closely watched survey Thursday that unexpectedly showed private-sector activity contracting after 15 straight months of growth.
S&P Global’s composite purchasing managers index (PMI) fell to 48.6 in April from 50.7 in March. Analysts had expected it to stay above the key 50-point mark, below which activity is considered to be contracting.
“The eurozone is facing d
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