Eurozone Near-Stalled for Third Month Running in November

//Eurozone Near-Stalled for Third Month Running in November

The Eurozone economy remained close to stagnant for a third successive month in November, according to the flash PMI, losing growth momentum slightly again as new orders fell for a third straight month. The survey showed signs of the steep ongoing manufacturing decline spreading further to services. Employment growth meanwhile slipped to the lowest for almost five years as firms took an increasingly cautious approach to hiring. Price pressures also cooled further, running at the lowest for over three years. At 50.3 in November, the ‘flash’ IHS Markit Eurozone Composite PMI® fell from 50.6 in October to signal the … (full story)

2019-11-22T15:37:39+00:00