Eurozone Private Sector Growth Slows As Omicron Variant Hits Services

Eurozone private sector growth eased in January as the Omicron variant hit the services activity, while manufacturers benefited from easing supply constraints, flash survey results from IHS Markit showed on Monday. The flash composite output index slid to an 11-month low of 52.4 in January, from 53.3 in December. The score was forecast to fall to 52.6. Nonetheless, a reading above 50.0 indicates