The euro area private sector remained close to stagnation in November

Growth in the private sector in the euro area remained close to stagnation in November, following the strong recession in the manufacturing sector, both in the services sector and the economy as a whole – IHS Markit’s London Purchasing published on Wednesday.

The Comprehensive Purchasing Manager Index (PMI) from manufacturing and services data remained at the level of October, at 50.6 points. It is above the previous 50.3 points, but it is uncomfortably close to the 50 point limit that separates performance gains from declines. (MTI)