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- Eurozone’s final manufacturing PMI rises to 52.8 in November
Eurozone’s final manufacturing PMI rises to 52.8 in November
Markit Economics released its final manufacturing purchasing managers' index (PMI) for the Eurozone on Tuesday. Eurozone's final manufacturing purchasing managers' index (PMI) rose to 52.8 in November from 52.3 in October, in line with the preliminary reading.
Production and new orders grew in all countries except Greece.
"The euro area's manufacturing recovery continued to build momentum in November, with factory output and new orders both showing the largest monthly gains for one-and-a-half years," Chris Williamson, Chief Economist at Markit said.
"It's by no means a spectacular pace of expansion, however, broadly consistent with 2% annualised growth, and there are also few signs of underlying inflationary pressures picking up," he added.
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