Despite the raw material shortages, the manufacturing industry Purchasing Managers Index (PMI) in the Euro Zone rose to 58.4 in November with an increase of 0.1 points compared to the previous month.
The manufacturing industry purchasing managers index in the Euro Zone gained momentum, albeit slightly, in November. However, problems in supply chains limited production and caused raw material costs to climb to the highest level in more than 20 years.
MANUFACTURING DATA IN THE EURO REGION IS BELOW EXPECTATION
IHS Markit Eurozone final manufacturing PMI came in at 58.4 in November, slightly higher than 58.3 in October, below expectations.
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