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Eurozone production: PMI index at a 16-month low

Both the services component and the manufacturing component are down, respectively at their lowest for 11 months and for two years.

Eurozone production: PMI index at a 16-month low

Markit flash PMI composite on Eurozone production down in November. The data recorded a decline from 52,1 points in October to 51,4 Of this month. This is the minimum for 16 months, ie since July 2013. The result is below the estimates of analysts, who had forecast an average level of 52,2 points.

The services sector index was also down, going from 52,3 points in October to 51,3 in November, the lowest in 11 months. For the manufacturing sector, on the other hand, the index fell from 50,6 to 50,4 points, the minimum for two years.

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