According to Bpaynews, the final November Eurozone Services PMI rose to 53.6, a 30-month high and the sixth consecutive month of expansion. The Composite PMI also climbed to 52.8, above the flash estimate and the previous reading, driven by upward revisions in France and Germany. The data suggest stronger services activity offset manufacturing weakness, supporting expectations that the ECB will keep rates unchanged at its upcoming meeting. Services inflation continued to cool, while input costs remained elevated due to ongoing wage growth.
Eurozone November Services PMI Revised to 30-Month High of 53.6
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