Eurozone PMI composite rose to 47.1, technical recession ongoing

<p><img width="552" height="311" src="https://www.actionforex.com/wp-content/uploads/featured-images/f-eu2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" /></p>
<p>Eurozone&#8217;s PMI data for November shows marginal improvement but continues to indicate broader recessionary trends. Manufacturing PMI increased slightly from 43.1 to a six-month high of 43.8, exceeding expectations of 43.4. Similarly, Services PMI rose from 47.8 to 48.2, marginally above the predicted 48.0. Consequently, Composite PMI, which combines both sectors, climbed from 46.5 to [&#8230;]</p>
<p>The post <a href="https://www.actionforex.com/live-comments/528683-eurozone-pmi-composite-rose-to-47-1-technical-recession-ongoing/">Eurozone PMI composite rose to 47.1, technical recession ongoing</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>