Eurozone November Manufacturing PMI Preliminary 47.3... Exceeds Forecast
[Asia Economy Reporter Hwang Seoyul] The preliminary Manufacturing Purchasing Managers' Index (PMI) for November, indicating the manufacturing business conditions in the Eurozone, was recorded at 47.3 on the 23rd (local time).
This figure is 1.3 points higher than the forecast of 46.0 and 0.9 points higher than the previous figure of 46.4, but since the index remains below 50, it shows that the economy is still in a contraction phase.
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A PMI above 50 indicates expansion in manufacturing, while below 50 indicates contraction.
This content was produced with the assistance of AI translation services.
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