Latest news and articles about private sector growth from NEX English
Private sector activity in the Eurozone has dropped to its lowest level in nine months, impacted by the repercussions of the war in the Middle East. Rising energy costs and decreased overall demand are the main causes of this decline.
The Eurozone experienced a significant downturn in March 2023, marked by the first drop in private sector demand in eight months. This decline was driven by rising energy costs and supply chain disruptions caused by the war in the Middle East.
India's private sector growth recorded its slowest pace in over three years in March 2023, impacted by price shocks from the Middle East conflict, which negatively affected domestic demand.