Eurozone November flash services PMI 48.2 vs 48.1 expected ...Middle East

Prior 47.8Manufacturing PMI 43.8 vs 43.4 expectedPrior 43.1Composite PMI 47.1 vs 46.9 expectedPrior 46.5There are improvements across all sectors but the euro area economy continues to contract in November, albeit at a slower pace. That being said, employment conditions declined for the first time in almost three years and that is a concerning detail that the economic slowdown is starting to hit the labour market. Besides that, services inflation continue to be an issue as prices tick higher while manufacturing inflation remains in decline at least. HCOB notes that:“The Eurozone economy is stuck in the mud. Over the last four to five months, the manufacturing and services sectors have both b

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Eurozone November flash services PMI 48.2 vs 48.1 expected ...Middle East

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