Mubasher: The final data pertaining Eurozone business activity showed that it grew at the slowest pace in more than two years during November, survey data said on Wednesday.

The final IHS Makit Eurozone purchasing managers’ composite index (PMI), gauging output came in at 52.7 in November, declining from 53.1 in October, and lower than earlier reading of 52.4, the IHS Markit finalised survey results showed.

“The final Eurozone PMI for November came in higher than the flash reading but still only points to modest GDP growth of approximately 0.3% in the fourth quarter, suggesting the region remains stuck in a soft-patch,” IHS Markit chief economist Chris Williamson said.

As for the service sector, the Eurozone PMI services business activity index inched down 53.4 in November compared with 53.7 in the previous month, but fractionally higher than its earlier estimate of 53.1.

By 9:07 am GMT, the EUR/USD pair dipped 0.04% to $1.1339.