THEPMI index of November of the manufacturing sector in theEurozone it goes back a few decimals and settles at 50,1 points ascertaining the period of stagnation of the sector in the euro area. The figure was revised from the preliminary estimate of 50,4 and is down from 50,6 in October. He reports it Markit Economic indicating how growth in Spain, Ireland and the Netherlands offset contractions in the three largest Eurozone economies.
At the basis of this figure, which shows a moment of almost stagnation, observes Markit, there is the lower growth in production and the contraction in the level of new orders received.
It doesn't get much better China whose PMI manufacturing index dropped to an 8-month low at 50,3 points in November. This was communicated by the national statistics office, specifying that the expectation was 50,6 points and that the figure is down compared to 50,8 in October. It should be remembered that the PMI index above 50 points marks a phase of expansion of the economy and below a phase of contraction.
