- Eurozone manufacturing PMI edged up to 51.6 in November (flash 51.5) from 51.3 in October.
- Holland, Austria, Germany, Ireland and Italy performed well, but France remains a concern.
- Output, new orders and new exports expanded for the fifth successive month but failed to halt the ongoing slide in employment, says Markit.
- "Manufacturing across the region is enjoying its best performance for two-and-a-half years, but the pace of growth remains only modest," says Markit. "The data suggest that output is rising at a quarterly rate of only around 0.6% in the fourth quarter so far."
- Improving exports in countries such as Italy, Spain and Ireland are offsetting domestic weaknesses, "underscoring how producers in these countries are becoming more competitive and suggesting the long-term outlook is brightening."
- The euro is -0.1% at $1.3577 after being positive earlier. (PR)
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Growth in eurozone factory activity accelerates slightly
Dec 2 2013, 04:17 ET