Euro zone manufacturers enjoyed their best month in November since the start of 2014, a survey showed, benefiting from a weaker currency and stronger demand.
That will please policymakers at the European Central Bank, who are expected to announce an extension to their asset purchase programme when they meet next week, a Reuters poll found last month [ECILT/EU].
IHS Markit’s final manufacturing Purchasing Managers’ Index for the euro zone chalked up its highest reading since January 2014 in November, registering 53.7, in line with an earlier flash estimate and ahead of October’s 53.5. Anything above 50 indicates growth.
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