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.