(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.
©
AOF
Legal disclaimer
The AOF information reproduced on Capital.fr is taken from the AOF information service. This information is protected by intellectual property rights owned by OPTION FINANCE SAS, publisher of the AOF real-time stock market information service, and its contributors. Consequently, any reproduction, copy, duplication, modification, transfer, redistribution, translation, commercial or non-commercial exploitation, creation of hypertext link or reuse in any way whatsoever of this information is subject to the prior written agreement of OPTION. FINANCE SAS and its contributors. AOF can be reached at the following address [email protected] OPTION FINANCE SAS collects its data from sources it considers the most reliable. However, subject to gross negligence, OPTION FINANCES SAS and its contributors in no way guarantee the absence of errors and defects, even hidden, nor the exhaustiveness or lack of conformity for any use whatsoever of these data and of OPTION FINANCE. SAS or one of its contributors, and cannot be held responsible for delays or interruptions that could affect access to them. The user of the OPTION FINANCE SAS service will use AOF data at his own risk and must hold OPTION FINANCE SAS and its contributors harmless from any claim resulting from this use.
Receive our latest news
Every morning, the information to remember about financial markets.
