Eurozone’s manufacturing PMI sees slight rebound in Nov 2023
Eurozone’s manufacturing PMI, compiled by S&P Global for Hamburg Commercial Bank (HCOB), remained below the 50 growth threshold for the seventeenth consecutive month in November, indicating a continued decline in the goods-producing sector. However, there was a slight improvement, with the index rising to 44.2 from October's 43.1, marking the highest reading since May and suggesting a less severe deterioration in manufacturing conditions.Of the eight nations included in the HCOB eurozone manufacturing PMI, six recorded in contraction territory. Austria was the worst performer in November, closely followed by Germany and France. All three countries recorded softer rates of decline, however, and this was also the case in the Netherlands and Spain. By contrast, Italy’s manufacturing downt...








