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Eurozone Business Activity Stagnates, Contracts in Key Economies
Eurozone Business Activity Stagnates, Contracts in Key Economies
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Business activity across the eurozone has ground to a halt, marking its weakest performance in four months as Germany and France falter. A sharp decline in new orders and deepening pessimism among firms have fueled the downturn since early April, according to Hamburg Commercial Bank and S&P Global survey data. Private-sector output has held steady, but manufacturers are slashing purchases in a sign of mounting caution. Business confidence has plunged to its lowest level in more than two years, reflecting broader economic unease.
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