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Eurozone business activity index unchanged in January


January, 24 2020
watermark Economic news

According to preliminary data from the Markit Economics Research Organization, the composite index of business activity in industry and services (PMI) of 19 Eurozone countries in January remained at the mark 50.9 points. The indicator coincided with the data for December and turned out to be worse than analysts' forecasts (growth to 51.2 points).


Despite the decline, the indicator remains slightly above level 50, which separates the expansion from the reduction.


IHS Markit Associate Director Andrew Harker said that recent data suggests that the eurozone economy again failed to capture an increase in growth. The manufacturing PMI was 47.8 and has remained below 50 for the 12-th consecutive month, although it has grown compared with 46.3 in December and well above the 46.8 forecast.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.