Eurozone Manufacturers Experience Best Month Since January 2014

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.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.