RTTN:Eurozone Manufacturing Sector Contracts As Estimated
The downturn in the Eurozone manufacturing sector eased as estimated in November, final data from Markit Economics showed Monday.
The final manufacturing Purchasing Managers' Index rose to an eight-month month high of 46.2, in line with flash estimate. The reading was 45.4 in October.
Contractions were signaled for almost all of the nations covered by the survey, Ireland being the sole exception.
Manufacturing production contracted for the ninth successive month in November. The rates of contraction in both total new orders and new export business eased to eight month lows. Employment fell for the tenth straight month.
Average input prices increased for the third successive month in November. Although costs continued to rise, average selling prices fell, reflecting weak demand and ongoing strong competition.
