MNI: Eurozone Nov Growth At 6-Yr High: IHS Markit

--Eurozone Flash Nov Composite PMI At 57.5 After 56.0 In Oct

     LONDON (MNI) - Eurozone output growth picked up in November, with expansion

running at the highest level in 6 years, a survey released Thursday showed, with

the expansion again led by the manufacturing sector. .

     The November Markit Composite Purchasing Managers' Index stood at 57.5, up

from the 5.60 reading seen in October. 

     According to the survey, growth was again seen across all of the 'big four'

nations, with French growth outpacing Germany for only the fourth time in five

years.

     Output and input cost inflation remained elevated, but picking up to multi

year highs.

     "Input prices showed the largest monthly jump since May 2011 while average

selling prices for goods and services rose to the greatest extent since June

2011," the survey said.

     "The message from the latest Eurozone PMI is clear: business is booming.

Growth kicked higher in November to put the region on course for its best

quarter since the start of 2011. The PMI is so far running at a level signalling

a 0.8% increase in GDP in the final quarter of 2017, which would round-off the

best year for a decade," said Chris Williamson, chief business economist at IHS

Markit. 

     "Jobs are being created at the fastest rate since the dot-com boom, yet

despite this increase in operating capacity firms are struggling to meet

demand," he added. 

     "There are signs that political uncertainty appears to have subdued

business optimism a little, but the broad-based nature of the upturn, and the

rate at which rising demand is feeding through to the labour market, suggests

the eurozone will see a strong end to 2017 and enter 2018 on a firm footing,"

Williamson noted.

     The full text of the IHS Markit release can be seen here: goo.gl/MdKyuV

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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