Euro zone business growth lost more momentum in Jan as Omicron hit demand
People enjoy an evening drink at Place de la Contrescarpe in Paris as cafes, bars and restaurants reopen after closing down for months amid the coronavirus disease (COVID-19) outbreak in France, May 19, 2021. REUTERS/Sarah Meyssonnier/File Photo
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LONDON, Feb 3 (Reuters) – Euro zone economic growth lost more momentum in January as the bloc’s dominant services industry suffered from subdued demand amid tighter restrictions to contain the Omicron coronavirus variant, a survey showed.
Some governments in the currency union have been encouraging citizens to stay at home to try and stop the more virulent variant from spreading while steep price rises, caused in part by supply and labour issues, have also kept demand in check.
IHS Markit’s final Composite Purchasing Managers’ Index, seen as good guide to overall economic health, dropped to 52.3 in January from 53.3 in December, its…
