Euro zone economy likely entered recession last year: PMI – Business & Finance

LONDON: Euro zone factories ended 2023 on the back foot, with activity contracting in December for an 18th straight month, according to a survey which gave scant signs of any imminent strong bounceback in an economy likely in recession.

HCOB’s final euro zone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, did nudge up to 44.4 in December from November’s 44.2 but…