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2025-12-16 17:05:57
[Eurozone December Composite PMI Below Expectations] ⑴ Data shows that the Eurozone's December services PMI preliminary reading was 52.6, lower than the expected 53.3 and the previous reading of 53.6; the manufacturing PMI preliminary reading was 49.2, lower than the expected 49.9 and the previous reading of 49.6; the composite PMI preliminary reading was 51.9, lower than the expected 52.7 and the previous reading of 52.8. Dragged down by German data, the overall performance was weaker than expected, but still continued to expand. ⑵ The report stated that the slowdown in economic growth at the end of the year was mainly due to a slight contraction in manufacturing and a weakening of momentum in the services sector; the decline in German industry intensified, while French industry showed signs of cautious recovery, but the services sector stagnated. New orders in the services sector remained robust, and companies increased hiring, but a reduced backlog of orders made the outlook more cautious; cost inflation hit a nine-month high, and the European Central Bank may keep interest rates unchanged at its meeting on the 18th.
