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

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KSE30	49,377.29 213.50M	3.40% 1624.91
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,830.00	111,290.00 110,370.00	510.00 0.46%
BRENT CRUDE	65.12	65.26 64.94	0.35 0.54%
RICHARDS BAY COAL MONTHLY	86.00	86.00 86.00	-1.90 -2.16%
ROTTERDAM COAL MONTHLY	96.50	99.00 96.50	-2.70 -2.72%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.33	61.48 61.13	0.35 0.57%
SUGAR #11 WORLD	14.42	14.49 14.20	0.14 0.98%