- The Eurozone’s primary manufacturing PMI reached 53.6 in November compared to the 53.1 expected.
- The region’s services PMI falls to 41.3 in November from the expected 42.5.
According to the IHS / Markit preliminary report, business activity in the eurozone fell sharply in November when countries introduced more aggressive measures. In fact, the purchasing managers index Euro zone manufacturing PMI fell to a three-month low of 53.6 points during the reported month, compared to 54.8 in October. Further, the services sector PMI fell to a six-month low of 41.3 in November.
However, the common peel does not appear to be affected by dismal figures, with EUR / USD clinging to gains near the upper end of its daily range, around the 1.1875-80 region.
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