{"id":94954,"date":"2024-01-04T15:29:47","date_gmt":"2024-01-04T11:29:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=94954"},"modified":"2024-01-04T15:29:49","modified_gmt":"2024-01-04T11:29:49","slug":"a-new-decline-in-business-activities-in-the-eurozone-in-december","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/a-new-decline-in-business-activities-in-the-eurozone-in-december\/01\/04\/market-updates\/","title":{"rendered":"A new decline in business activities in the Eurozone in December"},"content":{"rendered":"\n<p>The contraction in business activities in the eurozone persisted at the close of 2023, primarily driven by an ongoing decline in the dominant services sector. A survey released on Thursday indicates that the bloc&#8217;s economy is experiencing stagnation.<\/p>\n\n\n\n<p>The Standard &amp; Poor&#8217;s Composite Purchasing Managers&#8217; Index, considered a reliable gauge of the overall economic health, was revised upward for December to align with the 47.6 points recorded in November. This comes after an initial estimate of 47 points; however, it remained below the critical 50 level for the seventh consecutive month, indicating an ongoing period of contraction.<\/p>\n\n\n\n<p>This trend suggests that the 20-nation eurozone economy, which contracted by 0.1 percent in the third quarter of 2023, is likely to experience another contraction in the fourth quarter, meeting the technical definition of a recession.<\/p>\n\n\n\n<p>The services PMI showed a modest improvement, reaching its highest level in five months at 48.8 points compared to 48.7 points in November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The contraction in business activities in the eurozone persisted at the close of 2023, primarily driven by an ongoing decline in the dominant services sector. A survey released on Thursday indicates that the bloc&#8217;s economy is experiencing stagnation. The Standard &amp; Poor&#8217;s Composite Purchasing Managers&#8217; Index, considered a reliable gauge of the overall economic health, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":62193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6928,7176,6882,8291],"class_list":["post-94954","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-euro","tag-european-shares","tag-forex","tag-inflation-data"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=94954"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94954\/revisions"}],"predecessor-version":[{"id":94955,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94954\/revisions\/94955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62193"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=94954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=94954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=94954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}