Eurozone PMI composite dropped to 47.5, double-dip recession increasingly inevitable

<p>Eurozone PMI Manufacturing dropped to 54.7 in January, down from 55.2, missed expectation of 55.0. PMI Services dropped to 45.0, down from 46.4, above expectation of 44.8. PMI Composite dropped to 47.5, down from 49.1. Chris Williamson, Chief Business Economist at IHS Markit said: &#8220;A double-dip recession for the eurozone economy is looking increasingly inevitable [&#8230;]</p>
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