The slowness of business activities in the Eurozone hit a record

According to the Fars International Economic Group, citing Bloomberg, the European private sector activity in the Eurozone recorded a new loss in October.

According to global statistics S And P, the index of purchasing managers in this area is down the most The level has been reached since April 2013.

The index fell from 48.1 in September to 47.1 in October, worse than economists had predicted.

Fears of a recession are growing across the eurozone as business activity slows.

According to this report, the most damage is reported in the manufacturing sector, especially in energy-consuming sectors such as chemicals and plastics, but according to statistics, since consumers are struggling with the cost of living crisis, the production of services It has also decreased for the third month in a row.

According to this report, the demand for goods and services has decreased as companies and households face pressure from inflation, which is mostly caused by header Putting energy costs.

Chris WilliamsonGlobal analyst S “The eurozone economy looks set to shrink in the fourth quarter amid a sharp drop in output and a worsening demand picture in October, fueling speculation that the recession will continue,” A&P said in a statement. “A lot is inevitable.”

Williamson “(Upward) pressure on prices remains high as rising energy and staff costs and a weakening euro offset any decline in commodity prices associated with improved supply conditions,” he said.

He added, this economic situation is deteriorating almost rapidly.

Global report S A&P shows that the economy of the 19 countries that use the euro will shrink by 0.2 percent in the fourth quarter, and the decline is likely to accelerate.

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