The flash composite output index rose more than expected to 50.2 in January from 49.3 in December. The reading was forecast to climb to 49.8.
The index improved for a third straight month, breaking the 50 no-change mark for the first time since last June. A steadying of the eurozone economy at the start of the years adds to evidence that the region might escape recession, Chris Williamson, chief business economist at S&P Global Market Intelligence said.
Earlier this month, the World Bank projected the euro area economy to remain flat this year and expand 1.6% in 2024.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
