Eurozone November Services PMI at 55.9... Below Survey Estimate
The Eurozone (19 countries using the Euro) recorded a services Purchasing Managers' Index (PMI) of 55.9 in November.
On the 2nd (local time), according to global market research firm IHS Markit, the Eurozone's November services PMI stood at 55.9, below the surveyed estimate of 56.6.
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The PMI is based on 50 as the benchmark; a value above 50 indicates economic expansion, while below 50 signifies contraction.
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