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Euro zone economic activity contracts at fastest pace in over two years, PMI shows - Economy - The Jakarta Post
Economic activity in the euro zone shrank at its sharpest rate in more than two-and-a-half years in May, as a war-driven surge in living costs hammered demand for services and pushed overall input price inflation to its highest in three-and-a-half years, a survey showed on Thursday.
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cryptobriefing.com
German private-sector activity contracts for second month amid war
Germany's flash Composite PMI fell to 48.3 in April, marking a second straight month of private-sector contraction as the Iran-Middle East conflict hammers services.
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Euro-zone business activity shrinks at fastest pace since 2023
Euro-zone composite PMI drops below 50 for second straight month, hitting a 2.5-year low. ECB rate cut expectations grow, with implications for crypto markets.
