The Eurozone's Services PMI for November reached 53.6, marking a 30-month high and the sixth consecutive month of expansion. The Composite PMI also rose to 52.8, surpassing both the flash estimate and previous readings, with notable upward revisions in France and Germany. This data indicates robust services activity, which is compensating for manufacturing sector weaknesses, and aligns with expectations that the ECB will maintain current interest rates. Despite cooling services inflation, input costs remain high due to persistent wage growth.
Eurozone Services PMI Hits 30-Month High in November
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