In a sign that the recession that ravaged the eurozone continues to drag on its economy, its most recent Purchasing Managers Index (PMI), as measured by Markit, missed most expectations on the low side.
Source: Thinkstock
The research firm’s experts reported:
The pace of economic growth in the euro area slowed to a 16-month low in November, according to the Markit Eurozone PMI. The headline index, which measures business activity in the manufacturing and services economies, fell from 52.1 in October to 51.4, its lowest since July of last year.
Figures from the eurozone’s largest economy should also cause anxiety:
November’s flash data signalled a further slowing in private sector output growth in Germany, as highlighted by the seasonally adjusted Markit Flash Germany Composite Output Index falling from 53.9 in October to 52.1.
SEE ALSO: The 20 Most Profitable Companies in the World
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
