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- Euro zone services PMI in line with expectations in November
Euro zone services PMI in line with expectations in November
The rate of euro area economic expansion moved up a gear in November. Output growth accelerated to the fastest in over six-and-a-half years, while rates of increase for all of the main survey indicators covering demand, employment and inflation also hit multi-year highs.
The final IHS Markit Eurozone PMI Composite Output Index posted 57.5 in November, up from 56.0 in October and unchanged from the earlier flash estimate. The headline index has signalled expansion in each of the past 53 months.
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