Eurozone manufacturing PMI at 50.6 in November

By Aysu Bicer

ANKARA (AA) - The euro area's manufacturing sector has posted 50.6 in November, unchanged from October and slightly better than the earlier flash reading of 50.3, a London-based global data company said on Wednesday.

IHS Markit reported that the services economy again remained the primary driver of overall growth, despite its positive contribution waning slightly since October.

"In contrast, manufacturing output fell again, extending the current period of contraction to ten months," it added.

It said France remained the best-performing country in terms of output growth, followed closely by Ireland and Spain.

Meanwhile, Italy and Germany both saw reduction in private sector activity during November.

"Confidence about the future improved during November to its highest level since July, though remained well below par. With the exception of Italy, sentiment was higher across the eurozone." it added.