The HCOB Eurozone Manufacturing PMI increased to 43.8 in November from October’s 43.1, marking the highest level in six months and surpassing market expectations of 43.4, preliminary estimates showed.
The HCOB Eurozone Services PMI increased to 48.2 in November 2023 from 47.8 in October, slightly above market forecasts of 48.1, preliminary estimates showed. The reading continued to point to a contraction in services activity although the decline softened.
The HCOB Eurozone Composite PMI rose to 47.1 in November 2023, up from a near three-year low of 46.5 in the previous month and slightly above market expectations of 46.9, a preliminary estimate showed.
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