- Analytics
- News and Tools
- Market News
- Eurozone private sector growth slows for second month
Eurozone private sector growth slows for second month
Growth of Eurozone's private sector business activity moderated for a second month running in November, flash results of a survey by Markit Economics revealed Thursday.
The composite output index, that measures business activity across both manufacturing and service sectors, fell to a three-month low of 51.5 in November from 51.9 in October.
Economists had forecast an increase to 52. Though the index remained above the 50 no-change level for a fifth successive month in November, the reading signaled a modest easing in the rate of expansion for the second month running, Markit said.
The manufacturing purchasing managers' index, a gauge of the region's factory sector performance, increased to a 29-month high of 51.5 from 51.3 in October. The outcome was in line with expectations.
The services activity index, on the other hand, fell to a three-month low of 50.9 in November from 51.6 in October. The consensus was for a marginal increase to 51.9.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
