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EZ: Stagnant new work limits private sector growth in November
November’s final IHS Markit Eurozone PMI® Composite Output Index continued to signal marginal growth of the euro area’s private sector. Posting 50.6, unchanged on October and slightly better than the earlier flash reading of 50.3, the index remained amongst the lowest levels in the past six-and-a-half years. The services economy again remained the primary driver of overall growth, despite its positive contribution waning slightly since October. In contrast, manufacturing output fell again, extending the current period of contraction to ten months. However, the drag on overall economic activity from manufacturing ... (full story)