Eurozone business activity falls to 17-month low, raising recession fears

Eurozone business activity has gone into reverse for the first time since February 2021 after companies were hit by falling orders and rising prices, fuelling economists’ expectations of a recession this year.

Fears that the 19-country single currency zone is heading for a sharp downturn were reinforced by S&P Global’s flash eurozone

for July, which on Friday showed output and new orders both…