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November was best month for euro zone factories since April 2000: PMI data

Euro zone economic growth jumped to 61.0 from 58.8, its highest since February 2011: PMI data


Euro zone factories had their busiest month for over 17 years in November in a broad based acceleration, a purchasing managers' index showed, despite them hiking prices at the fastest rate in more than six years. Forward looking indicators pointed to the momentum continuing through to the end of 2017, capping off what is expected to be the best year for euro zone economic growth in a decade. "November's surveys produced a clean sheet of improved PMI readings for all countries, resulting in the best performance for euro zone manufacturing since the height of the ...

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First Published: Fri, December 01 2017. 16:08 IST