Decline in euro zone business activity eases in December, PMI shows

The decline in euro zone business activity eased this month as the bloc’s dominant services industry bounced back to growth and offset a long-running contraction in the manufacturing industry, a survey showed on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global, rose to 49.5 in December from November’s 48.3 but was still shy of the 50 mark separating growth from contraction. A Reuters poll had predicted a fall to 48.2.Read More