Growth in the private sector in the euro area almost stopped in November
Growth in the private sector in the euro area came to a complete halt in November as the dominant service sector expanded much less than expected, and the manufacturing industry continued its recession – according to the data of IHS Markit, published on Friday.
The euro area Manufacturing Purchasing Manager Index rose to 46.6 points from the 45.9 points in October. Analysts expected a slight improvement of 46.4 points.
The Service Industry Purchasing Manager Index slid from 51.2 points in October to a low of 51.5 points. Analysts expected a rise of 52.5 points. (MTI)
Related news
Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased…
Read more >Producer prices in the euro area and the European Union decreased month-on-month and increased year-on-year in April
Producer prices in the eurozone and the European Union (EU)…
Read more >Domestic companies are maneuvering amid increasing tensions
The average inflation in the euro area is around 2.5%,…
Read more >Related news
The number of residential air conditioners in Hungary could increase by one million – so let’s choose wisely
The number of household air conditioners in Hungary has increased…
Read more >New Product Launches In Spain Hit New Low, Study Finds
Innovation in Spain’s FMCG sector is at a record low,…
Read more >Auchan Romania Rolls Out Bulk Collection For Deposit Return System
Auchan Romania has introduced a new bulk collection system at…
Read more >