- A stronger expansion of business activity in November defied economists' expectations of a slowdown, but is unlikely to prevent the eurozone from suffering slower growth in the fourth quarter, especially as rising virus cases look set to cause renewed disruptions to the economy in December.
- The headline IHS Markit Eurozone Composite PMI rose for the first time in four months in November, climbing from 54.2 in October to 55.8 according to the 'flash' reading.
- By sector, services outperformed manufacturing for a third straight month, recording the strongest growth of activity for three months.
For further details see:
Faster Eurozone Economic Upturn Marred By Record Inflationary Pressures And COVID-19 Worries