Eurozone recession fears grow as business activity declines again

Eurozone business activity has suffered its biggest contraction for 18 months as a result of higher prices, falling demand and rising inventories of unsold goods, according to a benchmark survey of companies, which has added to fears of an impending recession.

S&P Global’s flash composite

on Tuesday fell 0.7 points to 49.2, its lowest level since February 2021 and the second consecutive month below the…