The downturn in eurozone manufacturing activity eased again last month, suggesting the worst may be over, according to a survey which showed price pressures slackened and the fall in demand moderated, driving a surge in optimism. | Reuters
“Not only has the rate of output decline moderated now for three consecutive months, but business optimism about the year ahead has also surged higher over the past three months.”
The euro zone eked out growth in the final three months of 2022, managing to avoid a recession, as gross domestic product expanded 0.1 percent in the fourth quarter, data from Eurostat showed on Tuesday, outperforming expectations in a Reuters poll for a 0.1 percent drop. Although the PMI’s input prices index fell last month the index reflecting output prices rose slightly – but still remained firmly below levels seen over much of the past two years.
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