November, the economic performance of the Eurozone continued to deteriorate at a slower pace
In November, the economic activity of the Eurozone developed better than expected, according to the purchasing managers’ index (BMI) of the economic research institute S&P Global, but it still reflects a contraction in performance. And employment fell for the first time in almost three years.
Based on preliminary November data, the manufacturing industry BMI rose to 43.8 points, a six-month high, from 43.1 points in the previous month, slightly higher than the expected 43.4 points. New orders fell, leading to the biggest layoff in the sector since August 2020.
The service industry BMI was 48.2 points, better than the expected 48.1 points, after the previous month’s 47.8 points. Orders also fell in the service industry, which was also reflected in the slowdown in the hiring of workers.
Related news
GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >K&H Analyst Commentary: The forint is on the rise
The forint, the Polish zloty and the Czech koruna are…
Read more >Fitch: Global economy recovering as tariff war eases – China and US may drive growth
Fitch Ratings expects stronger-than-expected economic performance in 2025: according to…
Read more >Related news
GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >KSH: industrial producer prices decreased by 0.7 percent in May 2025 compared to the previous month, and increased by an average of 6.9 percent compared to a year earlier
In May 2025, industrial producer prices were 6.9 percent higher…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >