Boring Market ,Just Enjoy this Video
Boring Market ,Just Enjoy this Video
Eurozone-wide manufacturing data for November has met forecasts, reaching their best level since June 2011 as national-level numbers from the sector also beat expectations.
The Markit purchasing managers’ index survey for the shared currency area came in at 51.6, just ahead of the 51.5 predicted in a poll undertaken by Reuters.
Any reading above 50 indicates growth.
Markit said:
The recovery in the eurozone manufacturing sector accelerated again in November. Although the pace of expansion remained modest overall, the real positives were that growth extended into a fifth successive month with the rate of increase hitting a near two-and-half year high.
At national level:
France’s manufacturing sector continued to shrink, but by less than expected, with its PMI reading 48.4 against expectations of 47.8