Bloomberg pointed to a drop in eurozone private sector activity in December
Business activity in the eurozone private sector declined in December and remains stagnant due to the contraction of the German industrial sector. Bloomberg writes about this on December 16.
According to the purchasing managers' index compiled by S&P Global, private sector activity declined from 52.8 points in November to 51.9 in December, while many analysts predicted the November figures to remain.
German industrial production fell to a ten-month low, which led to a deterioration in performance across the European economic area.
"The lower figures are primarily due to the economic and manufacturing downturn in Germany," said Cyrus de la Rubia, an economist at Hamburg Commercial Bank.
At the same time, Christine Lagarde, President of the European Central Bank (ECB), noted that an increase in German defense spending is likely to lead to an increase in the ECB's forecasts for the growth of the German economy in 2026.
The Bild newspaper, citing a report by Deloitte and the Federal Association of German Industry (BDI), reported on November 27 that every fifth company had closed its production in Germany. According to the report, almost 19% of companies in Germany are no longer engaged in production in the country, which is a significant increase compared to 2023. -
In September, it was reported that the number of large enterprises that ceased operations in the European Union (EU) countries in the first eight months of 2025 reached a level similar to the peak of the global financial crisis. Unlike in previous years, when Germany accounted for the majority of closed enterprises, in 2025 this process is observed in almost all EU countries. The largest number of enterprises shut down their operations in Spain — 17%, in France — 14%, in the Czech Republic and Germany — 11% each. In Croatia and Denmark, in turn, only one company was closed.
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