Mubasher TV
Contact Us Advertising   العربية

Eurozone economic activity hits 7-yr high in November

Eurozone economic activity hits 7-yr high in November
Eurozone economic activity hits 7-yr high in November

Mubasher: The Eurozone’s economic activity rose in the manufacturing and services segments in November from a month earlier, data released by IHS Markit for the Purchasing Managers’ Index (PMI) on Thursday showed.

Eurozone activity rose to 57.5 points in November 2017, its highest level in seven years or since April 2017, compared to 56 points in the month before, the data indicated, which was contrary to analysts’ expectations.

Meanwhile, industrial activity levelled up to 60.8 points in the current month versus 58.5 points in October.

Analysts had forecasted that the Eurozone’s industrial activity would reach 58.3 points this month.

By 10:22 am GMT, the euro rose 0.18% against the dollar to $1.1843.