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European economies end year resilient but sluggish
Eurozone growth slowed to a PMI of 51.9 in December as German manufacturing contracted further; service sector inflation hit a nine-month high, influencing ECB rate expectations.
- On Dec 16, the eurozone's business activity growth slowed as the HCOB composite PMI eased to 51.9 in December, completing a full calendar year of expansion.
- Germany's manufacturing sector ended the year on a weaker footing as its PMI fell to 47.7, while France's manufacturing rebounded with a PMI jump to 50.6.
- Services stayed in expansion at 52.6 in December but eased from 53.1, while Eurostat showed a 18.4 billion trade surplus and EU exports to US fell 14.7%.
- Service-Sector cost pressures pushed expectations that the ECB will hold rates on Thursday, as cost inflation hit a nine-month high and investors priced out further ECB cuts.
- Growth remains barely above 1%, with German government spending expected to lift activity soon, and Bert Colijn said `Overall, this reading still corresponds to decent GDP growth for the euro zone in the fourth quarter of 2025`.
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14 Articles
14 Articles
European economies end year resilient but sluggish
Europe's leading economies closed off a turbulent year on weak momentum, according to new data on Tuesday, which showed scant signs of an upswing even as the region managed to withstand the impact of U.S. President Donald Trump's trade barbs.
·United Kingdom
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Coverage Details
Total News Sources14
Leaning Left2Leaning Right2Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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