Published • loading... • Updated
Euro zone business activity grows steadily in November, PMI shows
Euro zone services PMI rose to 53.1, its fastest since May 2024, while manufacturing PMI fell to 49.7, reflecting job cuts amid weak demand, S&P Global reported.
- This month, S&P Global's HCOB Flash euro zone Composite PMI declined slightly to 52.4, marking its 11th consecutive month above 50, indicating steady growth.
- The service sector's weight means the 20-nation euro zone should grow faster in the final quarter than in the third quarter, reflecting resilience and improving business confidence.
- The services sector accelerated as the services PMI rose to 53.1, its highest since May 2024, while manufacturing contracted with the manufacturing PMI falling to 49.7, below the Reuters poll prediction of 50.2.
- Firms faced rising input costs at their quickest rate since March but largely absorbed them, while factories cut jobs at the fastest rate in seven months and output-price rises weakened to their slowest pace in over a year this month.
- Persistent inflation around the ECB's 2% target means key interest rates are widely expected to stay on hold while services support faster final quarter growth.
Insights by Ground AI
8 Articles
8 Articles
Euro zone business activity grows steadily in November, PMI shows
Euro zone business activity grew steadily this month as services expanded at the quickest pace in 1-1/2 years, while weak demand sent manufacturing back into contraction territory, a private survey showed.
·United Kingdom
Read Full ArticleCoverage Details
Total News Sources8
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
14%
C 72%
14%
Factuality
To view factuality data please Upgrade to Premium







