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Eurozone Private Sector Growth Accelerates In November

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Eurozone private sector growth re-accelerated in November primarily reflecting the resilience in the service sector as severe supply-related constraints weighed on manufacturing activity, final survey results from IHS Markit showed on Friday.

Official data showed that retail turnover in the currency bloc recovered, as expected, in October despite a fall in food sales.

The final composite output index rose to 55.4 in November from 54.2 in October, private survey data revealed. The faster growth ended a three-month sequence of slowing growth in November.

Although the reading was below the flash 55.8, the index stayed above the neutral 50.0 mark signaling expansion in the private sector.

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