The January PMI showed a modest rise in private-sector activity but significant underlying price pressures and more job losses in Germany
Service-sector inflation accelerated sharply in January across the 21-country Eurozone bloc, while input prices for businesses continued to rise, according to the flash HCOB Purchasing Managers Index (PMI) published by S&P Global on Friday. The PMI print also showed a steep decline in staffing at German companies.
The Eurozone’s flash PMI provides an early snapshot of business activity across both manufacturing and services. It tracks whether companies are generally expanding or contracting, with numbers…
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