Two positive signs for the Eurozone: manufacturing clearly recovering and inflation improving in November.
The index Processed manufacturing PMI by Markit for the Eurozone rose to 53,1 in December from 52,8 in November, hitting a 20-month high. The index relating to manufacturing production rose to 54,4 from 54 in November, again at its highest.
The PMI composite index of production in the Eurozone instead fell to 54 from 54,2 in November (minimum value over 2 months), while that relating to tertiary activities decreased to 53,9 from 54,2 (minimum value over 3 months).
Eurostat then communicated that the rate of annual inflation in november in the euro area it increased to 0,2% from 0,1% in October. The flash estimate released on Dec. 2 was 0,1%. In November 2014 it was at 0,3%. In the EU, it stood at 0,1% in November, up from 0% in October. A year earlier it was 0,3%.
Finally the import-export. In October the surplus in trade of eurozone assets with the rest of the world was 24,1 billion compared to 22,4 billion a year earlier. Intra-euro area trade increased to 150,1 billion, up 1%. The value of exports was 181,1 billion, +1% compared to a year earlier (180,1 billion), that of imports was 157 billion, substantially stable compared to a year earlier (157,7 billion). This is Eurostat's first estimate.
