Pmi at the most since 2000

According to the preliminary reading of November, the Eurozone’s Pmi manufacturing index stood at 60 points, up from 58.5 points in October and beyond analysts’ expectations for 58.2 points. For the indicator it is the best result of the last 211 months, only exceeded once in April 2000 since the survey was conducted (June 1997). The fastest growth in manufacturing has been accompanied by a greater expansion of the service sector, which has risen to record since May, recording one of the highest expansion values ​​in the last six and a half years. The Pmi Services Index stood at 56.2 points, up from 55.0 points in the previous month (consensus 55.2 points).

Pmi Composite, which includes manufacturing and services, rose to 57.5 points from 56.0 in September (consensus 56.0), touching a record from April 2011. The Purchasing Managers Index (PMI) is an index derived from a survey conducted on the lead purchasers of the major companies to test the views on the fund’s performance. A Pmi value greater than 50 points indicates an expanding economy while a lower value represents a contraction stage.

Source Milano Finanza