Economic activity in the euro area improved unexpectedly in November

By: Trademagazin editor Date: 2021. 11. 23. 11:15

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Instead of the expected decline, economic activity in the euro area strengthened in November, according to the values of the Purchasing Managers’ Index, based on preliminary data from the London-based IHS Markit Economic Research.

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)