The Royal Bank of Scotland/NTC Eurozone Composite Output Index rose to a 16-month high in November, up from 54.7 in October to 55.1. The latest reading indicated the twenty-eighth successive increase in private sector output and an acceleration in the rate of growth for the third month running.
Key findings for November 2005 ...
- New Business
The index slipped from October's 14-month high of 54.3 to 53.9 in November. However, the decline merely indicates a slight moderation in the rate of growth. Demand for goods and services has increased continually for 28 successive months. Backlogs of uncompleted work rose for the third month in a row, at the strongest pace since these first started to be monitored three years ago.
At 50.9, the Employment Index remained above the 50.0 no-change level to signal a net rise in staffing levels for the third successive month in November.
- Input Costs
These slowed for the first time in five months in November, dipping slightly from October's nine-month peak.
For further information on the Eurozone indices, click here.
Data sourced from NTC Research; additional content by WARC staff NTC Research