economists gave a 78% chance of one within a year, with GDP expected to fall 0.4% this quarter and next.
"A further fall in business activity in November adds to the chances of the euro zone economy slipping into recession," said Chris Williamson, chief business economist at S&P Global Market Intelligence. Despite the ongoing slowdown firms did increase headcount, albeit at the weakest pace since March 2021. The services employment index fell to 51.7 from 52.5.
New orders fell sharply again and although there was a marked drop in price pressures they remained high. The output prices index fell to 63.7 from 66.1, its lowest reading since March 2021.
Source: News Formal (newsformal.com)
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