Market comment - Eurozone PMI reaches fresh high in November

Davy Research
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On December 5th, the final services and composite PMIs signalled that Eurozone growth reached its fastest pace since April 2011. The country breakdown showed that growth accelerated across all the major economies with the French survey standing out — it reached its highest level in six-and-a-half years. Overall, the surveys suggest that GDP growth has accelerated further from the 0.6% gain recorded in Q3.