BUSINESS
Eurozone economic activity grows despite the uncertainty of COVID-19 - Economo
BUSINESS

Eurozone economic activity grows despite the uncertainty of COVID-19 - Economo

Published: July 4, 2020  |  3 min read, 593 words
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The Eurozone economy is expected to grow again in the third quarter, although weak demand and growing job cuts are likely to weigh on the recovery.The three-month rate of economic contraction slowed to 0.2% in June, with the measure measuring private sector activity rising to a four-month high. Although orders from the region and abroad continue to decline, companies are confident that the continued easing of restrictions on coronavirus control will break this trend next year.The Eurozone Purchasing Managers’ Index (PMI) rose from 31.9 points in May to 48.5 points in June. The measure of... READ MORE
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