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Eurozone manufacturing PMI gains further momentum in Nov

by ChemOrbis Editorial Team -
  • 01/12/2015 (16:34)
According to a final purchasing managers’ index (PMI) compiled by Markit Economics, growth in manufacturing activities in the eurozone increased to a reading of 52.8 in November in line with initial readings, posting the highest level seen since April 2014. Any reading above 50 represents an expansion while any reading below 50 indicates a contraction.

Markit’s index also revealed that output index rose to an 18-month high of 54.0 while an index for export orders posted the highest reading in six months, increasing to a reading of 49.3 compared with October’s 48.6. However, the export orders index fell below the preliminary reading of 49.5.

Across the region, Germany’s manufacturing PMI rose to a reading of 52.9 in November from a reading of 52.1 in October, posting the highest level in three months while also exceeding the flash score of 52.6. France’s manufacturing PMI remained steady at 50.6 in November, missing preliminary estimates calling for a reading of 50.8.

However, Markit’s UK manufacturing PMI was reported at 52.7, down from a revised reading of 55.2 in October. The UK’s final PMI missed expectations that called for a reading of 53.6 in November.
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