Dow Jones Newswires: Eurozone economic contraction softened in December, PMIs suggest

by | Dec 16, 2022 | Stock Market

The eurozone economy extended its contraction into December but activity showed further signs of holding up better than expected at year-end, according to data from a purchasing managers survey released Friday. The S&P Global Flash Eurozone PMI Composite Output Index, which gauges activity in the manufacturing and services sectors, rose to 48.8 in December from 47.8 in November, a four-month high. Economists polled by The Wall Street Journal expected a reading of 48.0. The…

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