By Tuba Ongun
The HCOB Eurozone Manufacturing purchasing managers index (PMI) was revised upward to 44.2 in November, replacing an initial estimate of 43.8, according to a report released on Friday.
Despite hitting a six-month high in November, the figure remained below the neutral 50.0 threshold that separates growth from contraction for a seventh straight month.
While contractions slowed in output, new orders, purchasing activity, and inventories, business confidence climbed to a three-month high.
Factory job losses across the single currency zone extended into a sixth month, with the decline in workforce numbers picking up the most speed since August 2020.
Eurozone manufacturers cut their selling prices for a seventh straight month due to a fall in input costs.
Among nations included in the HCOB Eurozone Manufacturing PMI, Austria saw the worst performance in November, closely followed by Germany and France.