Eurozone economic rebound will aid European Central Bank’s case for more interest rate rises

4 days ago 8

The private-sector system successful the euro country unexpectedly returned to maturation astatine the commencement of 2023, offering further signs the portion whitethorn debar a recession and comforting the European Central Bank’s (ECB ) absorption connected underlying ostentation risks.

S&P Global’s flash Purchasing Managers’ Index roseate to 50.2 successful January, amended than the 49.8 speechmaking predicted successful a Bloomberg survey and the archetypal clip since June that the gauge was supra the 50 threshold that separates enlargement from contraction.

Read Entire Article