Economic activity in the euro area improved unexpectedly in November

Economic activity has strengthened in the euro area

The manufacturing purchasing managers’ index (PMI) rose modestly to 58.6 points in November from 58.3 points in October. The market expected a significant deterioration of 57.3 points in November.

Although the manufacturing indicator rose in November, it is still the second weakest value in the last 17 months. (MTI)