Euro zone in double-dip recession, but vaccines driving optimism to three-year high, PMI data show Jonathan Cable Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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POOL New/Reuters
The euro zone economy is almost certainly in a double-dip recession as COVID-19 lockdowns continue to hammer the services industry, but hopes for a wider vaccine rollout has driven optimism to a three-year peak, a survey showed on Wednesday.
IHS Markit’s final February Composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health, rose to 48.8 from January’s 47.8, above a flash reading of 48.1 but firmly below the 50 mark separating growth from contraction.
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LONDON (Reuters) - The euro zone economy is almost certainly in a double-dip recession as COVID-19 lockdowns continue to hammer the services industry, but hopes for a wider vaccine rollout has driven optimism to a three-year peak, a survey showed on Wednesday.
FILE PHOTO: A woman walks next to a poster reading The best team. With distance. in front of a BMW factory as the spread of the coronavirus disease (COVID-19) continues in Munich, Germany, December 9, 2020. REUTERS/Andreas Gebert/File Photo
IHS Markit’s final February Composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health, rose to 48.8 from January’s 47.8, above a flash reading of 48.1 but firmly below the 50 mark separating growth from contraction.
The euro zone economy is almost certainly in a double-dip recession as COVID-19 lockdowns continue to hammer the services industry, but hopes for a wider vaccine rollout has driven optimism to a three-year peak, a survey showed on Wednesday.
Eurozone news: Economy headed for devastating double-dip recession | Politics | News express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.
Euro zone in double-dip recession but optimism abounded in February metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.