Eurozone growth slows as Omicron measures hit spending

By 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

China opens BRICS Customs Centre to boost trade ties

Trump warns of 10% tariff on BRICS-aligned nations

Trump says tariff letters will go out Monday

Name	Price/Vol	%Chg/NChg
KSE100	133,653.87 159.88M	0.21% 283.73
ALLSHR	83,337.58 564.08M	0.31% 256.42
KSE30	40,765.72 60.72M	0.15% 60.42
KMI30	192,655.75 69.22M	0.04% 75.08
KMIALLSHR	55,926.18 331.67M	0.16% 90.47
BKTi	36,510.50 9.94M	0.53% 193.33
OGTi	28,539.87 7.05M	-0.01% -3.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,680.00	108,880.00 107,680.00	225.00 0.21%
BRENT CRUDE	69.44	69.50 69.03	-0.14 -0.20%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.90 3.07%
ROTTERDAM COAL MONTHLY	106.00	106.75 106.00	0.25 0.24%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.69	67.97 67.40	-0.24 -0.35%
SUGAR #11 WORLD	16.25	16.46 16.07	-0.13 -0.79%