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Decline in Eurozone business activity moderates for second straight month

By Scott Kanowsky 

Investing.com -- A slowdown in Eurozone business activity moderated for a second straight month in December as supply conditions improved and price pressures showed signs of easing, according to a key gauge of conditions for the currency bloc's manufacturing and services sectors on Friday.

S&P Global's flash Eurozone composite purchasing managers' index rose slightly to 48.8 during the month, up from 47.8 in November. Economists had predicted the reading would increase to 48.0.

It is the highest level since August, but the sixth consecutive month that the figure has come in below the 50 mark that separates growth from contraction.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.