The Eurozone economy continues to face headwinds, with business activity remaining stagnant in October, according to the latest Purchasing Managers’ Index (PMI) survey. This marks the second consecutive month of contraction, signaling a challenging economic landscape for the region. Persistent Weakness in Demand The PMI reading for October edged up slightly to 49.7 from September’s […]
Tag Archives: business confidence
The European Central Bank (ECB) announced a 25 basis point cut to its key interest rates on Thursday, marking the first reduction in five years. ECB President Christine Lagarde stated that this decision was based on a reassessment of the inflation outlook, underlying inflation dynamics, and the effectiveness of monetary policy transmission. This move signals […]