In November, economic performance in the euro area declined
According to preliminary data from a survey by the IHS Markit Institute for Economic Research published in London on Monday, the preliminary value of the composite purchasing manager index (PMI) formed by aggregating manufacturing and service industry data in November was the lowest in the past six months; 45.1 points after the final data of October; 50 points.
Economic analysts expected the composite index to be slightly higher than the actual value of 45.8 points in November. (MTI)
Related news
The GKI expects economic growth of 2-2.5% in 2025
GKI Economic Research Ltd. forecasts GDP growth of 2-2.5% for…
Read more >German GDP fell in the fourth quarter
Germany’s gross domestic product (GDP) fell by 0.2 percent in…
Read more >Eurozone inflation rises to six-month high in January
Eurozone inflation rose to a six-month high of 2.5 percent…
Read more >Related news
Margin is very much not profit
The government announced that it would introduce a margin cap…
Read more >Margin freeze in Hungary: Who is affected and is government intervention really justified?
The Hungarian government will introduce a margin restriction on certain…
Read more >Despite global challenges, SMEs are still looking for breakthrough points in 2025
According to economic forecasts for 2025, businesses will face a…
Read more >