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Eurozone PMI details mixed (2/2)

EUROZONE DATA
  • Output:

    • Services saw "the strongest growth of activity for three months. Growth also picked up in manufacturing, though remained the second-weakest seen over the past 17 months"
    • "The rest of the region as a whole meanwhile enjoyed faster growth of both manufacturing and services than seen in France and Germany."
    • "Future output expectations deteriorated to the lowest since January. Ongoing concerns over supply chain issues were exacerbated by growing worries about the impact of further COVID-19 waves, which darkened the outlook for services in particular."
  • Prices:
    • "Shortages were meanwhile once again seen as a principal driver of higher prices for many goods and services, alongside higher shipping costs, rising energy prices and increases in staff costs. November consequently saw a survey record increase in firms' input costs for a second successive month."
    • "Selling price inflation likewise accelerated in both manufacturing and services to the fastest in almost two decades of comparable survey history as firms sought to pass higher costs on to customers, most notably in Germany."
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