Eurozone growth slows as Omicron measures hit spending

MG News | January 24, 2022 at 04:12 PM GMT+05:00

0:00

January 24, 2022: Economic growth in the eurozone slowed sharply in January, a key survey showed Monday, as new coronavirus restrictions hit consumer spending, raising a new obstacle for the region's recovery.

The purchasing managers' index (PMI) from IHS Markit, showed a drop to 52.4 in January, after posting 53.3 points in December and hitting a high 59 points in August. A figure above 50 indicates growth.

AFP/APP

Related News

Oil prices rebound ahead of U.S. sanctions deadline

Asia markets climb on soaring Nvidia demand

Oil slips as U.S. stockpiles climb, demand signals fade

Name	Price/Vol	%Chg/NChg
KSE100	162,102.92 254.63M	-0.51% -834.01
ALLSHR	98,424.06 767.06M	-0.39% -385.08
KSE30	49,178.66 92.71M	-0.54% -267.15
KMI30	231,230.31 69.98M	-0.64% -1485.54
KMIALLSHR	64,033.87 360.75M	-0.55% -353.80
BKTi	43,997.64 36.18M	0.12% 50.75
OGTi	32,027.34 12.90M	-0.69% -223.49

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	86,845.00	88,230.00 85,985.00	2245.00 2.65%
BRENT CRUDE	62.42	62.70 62.13	-0.14 -0.22%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.25 0.30%
ROTTERDAM COAL MONTHLY	96.25	0.00 0.00	0.15 0.16%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	57.91	58.11 57.64	-0.15 -0.26%
SUGAR #11 WORLD	14.77	14.83 14.56	0.11 0.75%