Eurozone’s PMI composite climbs to 47.9, price data echo ECB hawks’ caution

Eurozone PMI Manufacturing rose from 44.4 to 46.6 in January, a 10-month high. However, PMI services fell from 48.8 to 48.4. PMI Composite rose from 47.6 to 47.9, a 6-month high. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, noted that Eurozone’s manufacturing sector is experiencing a “widespread easing of the downward trajectory […]

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