12/1/2021, 10:00 AM (Source: TeleTrader)
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Eurozone's manufacturing PMI rises slightly in Nov.

The Eurozone Manufacturing Purchasing Managers Index (PMI) came in at 58.4 in November, going up by 0.1 compared to October's revised figure but slightly below market expectations, IHS Markit stated in its report published on Wednesday.

It is the first rise the index has registered since June but also the slowest growth it observed since February. The report noted an expansion in terms of manufacturing production and staffing numbers but also the issues concerning the ongoing supply chain crisis that led to shortages of materials and "poor transport availability."

"Although demand remains strong, as witnessed by a further solid improvement in new order inflows, supply chains continue to deteriorate at a worrying rate. Shortages of inputs have restricted production growth so far in the fourth quarter to the weakest seen over the past year and a half," Chris Williamson, Chief Business Economist at IHS Markit, commented on the results.

Baha Breaking the News (BBN) / JR