Eurozone Growth Continues Through November

07 December 2006

HENLEY-ON-THAMES, England: November saw continuing growth and rising employment within the Eurozone - the eight largest European economies (Austria, France, Germany, Greece, Ireland, Italy, Netherlands and Spain) within the twelve nation euro currency area.

The Eurozone Composite Output Index (produced for the Royal Bank of Scotland by NTC Research) rose from 57.3 in October to 57.6, indicating an improvement in the rate of increase for the first time in five months.

Output has now risen for forty consecutive months. Both manufacturing and service sectors recorded similar strong rates of expansion, with growth gathering pace in services but slipping slightly in manufacturing. Manufacturing nonetheless recorded the faster rate of increase for the fifth straight month.

The report is based on original survey data collected from a representative panel of over five thousand companies across the euro area, covering both the manufacturing and service sectors.

For further information on PMI data click here

Data sourced from NTC Research; additional content by WARC staff