The Eurozone's flash services PMI increased to 53.1 in November, surpassing the forecast of 52.8, while the composite PMI registered at 52.4, slightly below the expected 52.5. This growth in the services sector helped counterbalance a contraction in manufacturing, where the PMI fell to 49.7, indicating renewed weakness.
Germany and France experienced worsening manufacturing conditions, with France seeing a more pronounced decline. However, services growth in France returned to expansion, which helped offset a slowdown in Germany. Mixed inflation signals in the services sector suggest the European Central Bank is unlikely to raise interest rates in December.
Eurozone Services PMI Rises to 53.1, Composite PMI at 52.4 in November
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