Economic activity in the euro zone shrank in September for a third straight month amid rising inflation and general economic uncertainty, final data from S&P Global's monthly survey showed, signaling a recession looks imminent.

S&P Global's headline PMI, which includes manufacturing and services activity, fell to 48.1 in September from 48.9 in August and a preliminary reading of 48.2, the lowest level since January 2021 Mr.

The index signaled a third straight decline in business activity in the eurozone after a 16-month period of growth and after the index fell below the key 50-point level (the dividing line between business expansion and contraction) in July for the first time since February 2021. this way, BNR informs.

Financier: In 2023, inflation in our country should be below 10%

euro zone

recession