• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Managed Accounts

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Eurozone Economic Output Cools to 10-Month Low

February 3, 2022 by Forex Winner Leave a Comment

Eurozone Economic Output Cools to 10-Month Low

Source: IHS Markit

The eurozone economic growth slowed to a 10-month low in January, dragged by the impact of the COVID-19 omicron variant. EZU is down 2.23%, while VGK is down 1.03% premarket.

  • The IHS Markit Eurozone PMI Composite Output Index stood at 52.3 in January, lower than the 53.3 in December. This is the weakest growth since March 2021.
  • The decline reflects a moderation in growth among services firms, as manufacturing output grew at a faster pace.
  • The fastest growth was recorded in Ireland, followed by Germany, which recorded a four-month low, and France, which saw a nine-month low.
  • Italy dropped to a 12-month low of 50.1, while Spain fell to an 11-month low of 47.9, below the 50 threshold that separates expansion from contraction.
  • Employment growth accelerated during the month, significantly higher than the historical average on the back of hiring by manufacturers.
  • The IHS Markit Eurozone Services Business Activity Index was recorded at 51.1 in January, lower than the 53.3 in the previous month.

And here is a golden tip

Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

− one = one

Primary Sidebar

Latest News

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

May 20, 2022

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

May 20, 2022

Great Britain Retail Sales Rebounds as Buying Activity Climbs

Great Britain Retail Sales Rebounds as Buying Activity Climbs

May 20, 2022

Best Forex Robots

  1. Happy Forex 8.0
  2. Forex Fury 7.7
  3. Promax Gold EA 6.8
  4. Gump EA 6.4
  5. Forex inControl Reborn 6.0

Footer

Forex Broker Reviews

BDSWISS

BDSwiss Review

October 28, 2019 By Forex Winner

Darwinex

Darwinex Review

May 14, 2020 By Forex Winner

FXCM

FXCM Review

November 13, 2019 By Forex Winner

Forex Robot Reviews

Genius Asset Review

Genius Asset Review

May 19, 2022 By Forex Winner

My Forex Path Review

My Forex Path Review

May 12, 2022 By Forex Winner

Powerhouse EA

Powerhouse EA Review

April 29, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure