Eurozone business activity falls on Mideast war
Business activity in the eurozone contracted for the first time in 16 months in April, as the war in the Middle East drove energy prices higher and disrupted global supply chains, a closely watched survey showed Thursday.
The Flash Eurozone purchasing managers' index (PMI) published by S&P Global, an important gauge of the overall health of the economy, registered a figure of 48.6 this month, down from 50.7 in March.
A reading above 50 indicates growth, while a figure below 50 shows contraction.
Source: Agence France Presse
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