Eurozone business activity contracts for first time in 16 months
A closely watched survey showed eurozone business activity contracted in April for the first time in 16 months as the Middle East war pushed energy prices higher and disrupted global supply chains.
Business activity in the eurozone contracted for the first time in 16 months in April. The decline was driven by the war in the Middle East, which raised energy prices and disrupted global supply chains, a closely watched survey showed Thursday.