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EU services PMI climbs to 3-month high

December 6, 2012

The Markit Eurozone services business activity index improved to 46.7 in November (a value below 50 indicates contraction, market view: 45.7, October: 46, a 39-month low). The services PMI (purchasing managers’ index) readings for the main euro area countries were as follows: Germany – 49.7 (Oct.: 49.7, anticipated: 48), France – 45.8 (44.6, 46.1), Italy – 44.6 (46, 46).