Eurozone Private Sector Output Declines At Fastest Pace Since Early 2021

The euro area private sector business activity contracted at the sharpest pace since January 2021 as output in both manufacturing and services sectors declined at faster rates amid high inflation, rising economic uncertainty and weakening demand, final survey results from S&P Global showed on Wednesday. The final composite output index fell to a 20-month low of 48.1 in September from 48.9.

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