Markit's Eurozone Manufacturing Purchasing Managers Index (PMI) was at 52.8 points in November this year, up from October’s 52.3 points and remaining stable compared to the earlier flash estimate of 52.8 points.
The euro zone manufacturing upturn gained further momentum during November, with rates of expansion in production and new orders the fastest for around one-and-a-half years. The latest expansion of euro zone manufacturing production was underpinned by improving inflows of new business and the steepest intake of new export orders since May.
“The euro area’s manufacturing recovery continued to build momentum in November, with factory output and new orders both showing the largest monthly gains for one and a half years,” stated Chris Williamson, chief economist at Markit.