Euro Zone November Growth Surprisingly Strong but Outlook Darkens: PMI-US News | The Epoch Times

LONDON—Euro zone business growth unexpectedly accelerated this month but another wave of coronavirus infections and new restrictions, alongside price pressures, are likely to put a dent in December’s expansion, a survey showed on Tuesday. IHS Markit’s Flash Composite Purchasing Managers’ Index, a good indicator of overall economic health, jumped to 55.8 in November from 54.2 in October. That exceeded all forecasts in a Reuters poll which had predicted a drop to 53.2. Anything above 50 indicates growth. “The flash PMI’s for November surprised to the upside in the euro zone, France and Germany,” said Rory Fennessy at Oxford Economics. “However, with cases rising sharply in some euro zone countries, the near-term outlook is quickly turning more pessimistic as risks of another dangerous wave of coronavirus ramp up. A deterioration in sentiment in December is likely.” Growth in Germany’s private sector accelerated slightly but persistent supply bottlenecks in manufacturing continued to …

Reuters

Leave a Reply

Your email address will not be published.

Next Post

Kevin Spacey Ordered to Pay Studio Behind ‘House of Cards’ $30 Million After Violating Sexual Harassment Policy-US News | The Epoch Times

Tue Nov 23 , 2021
Actor Kevin Spacey was ordered to pay more than $30 million to TV studio Media Rights Capital (MRC), the studio behind Netflix’s “House of Cards” after breaching his contract by violating the company’s sexual harassment policy, according to a court filing revealed Monday. The arbitration award came to light when MRC filed […]

Newsletter Signup

Sign up now and never miss a thing!

You're Signed Up!

Now that you are signed up, we will send you exclusive offers periodically.