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Euro zone: renewed economic growth in November, but …

Yanoom by Yanoom
November 23, 2021
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Euro zone: renewed economic growth in November, but ...
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(AOF) – Economic growth in the euro area accelerated in November, after falling to a six-month low in October. This is what emerges from a preliminary estimate from the IHS Markit design office. Thus, the Composite Purchasing Managers Index (PMI) came out at 55.8 against a consensus of 53.1 and after 54.2 in October. For its part, the PMI in services reached 56.6 against a consensus of 53.6 and after 54.6 in October. Finally, the manufacturing PMI reached 58.6 against a consensus of 57.2 and after 58.3 in October.

“If, contrary to the expectations of economists, activity growth strengthened in November in the private sector of the euro zone, a slowdown in expansion over the whole of the fourth quarter seems inevitable, particularly in view of the rise in Covid-19 cases and the risk that this resurgence of the pandemic poses to the economy in December, “commented Chris Williamson, Chief Business Economist at IHS Markit.

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Tags: economiceurogrowthNovemberrenewedzone
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