FRANKFURT (MarketWatch)
Private-sector activity across the 17-nation euro
zone continued to shrink in January, but at the slowest pace in ten months,
according to the Markit composite purchasing-managers' index for the region
released Thursday
The index rose to 48.2 from a December reading of 47.2
Economists surveyed by Dow Jones Newswires had forecast a reading of 47.6
A
reading of less than 50 indicates a contraction in activity
The PMI for the
services sector rose to 48.3 in January from 47.8, while the manufacturing PMI
rose to 47.5 from December's 46.1
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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