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https://www.wsj.com/articles/central-bank-action-finally-cooling-global-economy-data-indicate-c6da0776

Central-Bank Action Finally Cooling Global Economy, Data Indicate

Surveys of purchasing managers point to sharper-than-expected slowdowns in the eurozone, Japan and Australia

By

Paul Hannon

June 23, 2023 5:41 am ET

Shoppers in Berlin. Fresh data pointed to a slowdown in business activity in the eurozone. Photo: Krisztian Bocsi/Bloomberg News

Business activity in Europe slowed sharply in June as previously strong demand for services weakened, an indication that rising borrowing costs may finally be cooling the global economy.  

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.