Eurozone growth slows as Omicron measures hit spending

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

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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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