World, As Seen from Trinity Street, Dublin, Ireland

Good news as they are nowadays: Eurozone industry falls less rapidly


Business activity in the eurozone industry contracted less sharply in November than in the previous month. British market researcher Markit announced this on the basis of a definitive figure. The decline was also somewhat less pronounced than previously reported.

The purchasing managers’ index, which reflects activity, rose to 46.9 from 45.9 a month earlier. A further level of 46.6 was reported for a preliminary estimate. A level of 50 or more indicates growth, including shrinkage.

According to Markit, the index for German industry was 44.1 against a preliminary estimate of 43.8. A level of 51.7 was measured for France. In Italy and Spain this was 47.6 and 47.5 respectively.

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World, As Seen from Trinity Street, Dublin, Ireland

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